An applicant for an original Texas originator license under Chapter 157 pays the application fee in 2026. What additional original-license fee is directed to the recovery fund?
Correct Answer
C) A further $20 is owed, and it is paid into the recovery fund
On an application for an original license issued under Chapter 157 the applicant pays a fee of $20 in addition to the original application fee, and that $20 is deposited in the recovery fund. Other choices: $200 overstates the figure by tenfold; penalties may be deposited into the fund but they are not its only source; and no percentage of commissions is collected. Source: Tex. Fin. Code sec. 156.502(a)
Why This Is the Correct Answer
On an application for an original license issued under Chapter 157 the applicant pays a fee of $20 in addition to the original application fee, and that $20 is deposited in the recovery fund. Other choices: $200 overstates the figure by tenfold; penalties may be deposited into the fund but they are not its only source; and no percentage of commissions is collected. Source: Tex. Fin. Code sec. 156.502(a)
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