Texas Financing Registration Deadline Nears: What Funders and Brokers Should Know
Texas’ financing registration deadline is less than two months away. For commercial sales-based financing providers and brokers covered by HB 700’s transition provision, now is the time to get the filing in place rather than chance a rush of applications that extend beyond the deadline.
The Texas Office of Consumer Credit Commissioner’s registration process is already open through the Nationwide Multistate Licensing System, or NMLS. Applications became available September 1, 2026.
Who needs to pay attention
HB 700 established the December 31 deadline for covered providers and brokers doing business when the law took effect September 1, 2025. Companies entering the market later should not assume that transition window applies to them.
The law concerns commercial sales-based financing, including certain arrangements with fixed payments that reconcile to a percentage of revenue. It also covers compensated brokers arranging those transactions. It is not a blanket registration requirement for every commercial lender or every business-loan broker.
Having an office outside Texas does not automatically put a company outside the rules. Texas Finance Code Chapter 398 expressly addresses covered internet transactions with Texas recipients. Companies should review the definitions and exemptions against their actual business model.
An NMLS account is only the first step
If your company already has an NMLS account, OCCC directs applicants to use it. Otherwise, account setup is part of getting started. The official registration checklist outlines the company filing, ownership and control information, registered-agent details and supporting documents.
For teams preparing now, the priorities are straightforward:
Confirm whether the business and its broker activities fall within the requirements.
Gather the information and documents required by the current checklist.
Complete the filing and required payment, then confirm registration status.
Creating an account is not the same as registering. The statute says registration takes effect when OCCC receives the completed form and required fee.
Keep the broader requirements in view
Registration is one part of HB 700. The law is already in effect, and the year-end deadline should not be confused with a future start date for all of its requirements. Our earlier coverage of the Texas HB 700 rules provides additional background.
Funder Intel’s Commercial Financing Regulation Tracker helps readers follow state requirements. Members can also use the Commercial Finance Registration Database to research available registration records. For a company’s Texas filing and current status, use OCCC and NMLS as the authoritative sources.
The practical takeaway: assign someone to own the filing now, identify what is missing, and get it completed well before December 31.
For informational purposes, not legal advice.
