Vehicle Protection Product Warrantors
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The Vehicle Protection Product Warrantors program registers and regulates companies and individuals who offer products to protect vehicles from theft or damage and who offer compensation to consumers for the loss or damage to those vehicles.
On November 21, 2013, the Texas Commission of Licensing and Regulation approved amendments to the Vehicle Protection Product Warrantors rules regarding fees, and lowered the application fees by 28-33% for most registrations. TDLR estimates this fee reduction will result in a savings for licensees of $11,250 annually, with an estimated five-year savings of $56,250. The justification for the adoption is online.
These amendments reduce fees effective January 1, 2014 for initial applications and February 1, 2014 for renewals:
- Current Initial or Renewal License Fee (0-999 warranties): $350
- NEW Initial or Renewal License Fee (0-999 warranties): $250
- Savings: 28%
- Current Initial or Renewal License Fee(1,000-1,999 warranties): $750
- NEW Initial or Renewal License Fee (1,000-1,999 warranties): $500
- Savings: 33%
“These savings result from the fee review we conduct each year, as part of our vision of ‘Smaller, Smarter Government’,” said TDLR Executive Director William Kuntz. “TDLR license fees must be reasonable and necessary only to cover the costs of administering its programs. With these fee reductions, our licensees and the public will receive the same high level of service but now at a lower cost.”
At their November 21st meeting, the Commission lowered fees for more than 400,000 TDLR licensees. TDLR estimates the total savings for all licensees will amount to nearly $6 million each year, with an estimated five-year savings of $29,661,245.
“I’m proud that TDLR is leading the way to lower economic barriers for entry into the Texas workforce while helping businesses grow and keep more money in their pockets,” said Commission Chairman Mike Arismendez. “With these fee reductions, TDLR licensees will save real money now and for years to come.”
Questions? Contact TDLR at firstname.lastname@example.org or call 800-803-9202.
Vacancies on Vehicle Protection Product Warrantor Advisory Board - The Texas Department of Licensing and Regulation announces vacancies on the Vehicle Protection Product Warrantor Advisory Board established by Texas Government Code, Chapter 469. The purpose of the Vehicle Protection Product Warrantor Advisory Board is to advise the Texas Commission of Licensing and Regulation in adopting rules, enforcing and administering this article, and setting fees.
The Board is composed of six members appointed by the presiding officer of the Commission, with the Commission's approval. The Board consists of two officers, directors, or employees of a warrantor who has been approved or expects to be approved by the department; two officers, directors, or employees or a retail outlet or other entity located in this state that sells vehicle protection products and is approved or expected to be approved by the department; and two residents of this state and, at the time of appointment, are consumers of vehicle protection products issued by warrantors registered or expected to be registered under this article. Members serve staggered six-year terms with the terms of two members expiring on February 1, of each odd numbered year. This announcement is for all six positions as described above.
Interested persons should request an application from the Texas Department of Licensing and Regulation by telephone (512) 475 4765, FAX (512) 475 2874 or Email email@example.com. Applications may also be downloaded from the Department website.
For more information about the Vehicle Protection Product Warrantors program, e-mail TDLR at CS.Vehicle.Protection@tdlr.texas.gov.