If you are a provider, administrator, seller or insurer of service contracts; or want to be, let us be your resource for valuable information and services to help you establish and maintain a compliant program. 

 

The Service Contracts Compass is designed to assist companies like yours by providing valuable information about changes in laws and regulations which may impact your service contract operation and by offering compliance consulting services that can help you keep pace with the regulatory standards of your industry.  

 

Depending on how your service contract program is structured, or if you are just starting out, some or all of the questions below may be worth exploring…and we can help!

 

- Do you wonder about recent law changes and need help implementing them accurately and timely?

 

- Do you need help developing a strategy to expand your program into other states?

 

- Are you considering the acquisition of an existing provider or program and need a due diligence audit? 

 

- Do you and your program partners have the right license(s) for the kinds of service contracts that you offer or sell?

 

- Do you qualify for any exemptions that you may be unaware of? 

 

- Are you calculating and returning refunds accurately in every jurisdiction?

 

- Should you be charging or collecting state sales tax on the sale of your service contracts?

 

- Could you benefit from a limited scope operational audit conducted by someone that is “on your team” to help identify potential regulatory problems before a regulator does?

 

- Do you have a knowledgeable resource who can offer issue-by-issue and state-by-state support for regulatory matters that may arise regarding your service contract program?

 

Be proactive rather than reactive!  Whether it’s regulatory filing support, contract analysis, or help communicating with a regulator, we can offer strategies and solutions for every aspect of your program.  

 

Please explore other areas of this site and be sure to read more about our firm’s practice group and its services.   Check out OUR SERVICES and ABOUT US  to learn more.

TX Residential Service Companies – Rule Amendments Adopted

FINAL UPDATE: The Texas Real Estate Commission (TREC) recently adopted changes to rules governing Residential Service Companies.  These changes include an amendment to the definition of “employee” of a residential service company and requiring that a specific disclosure be included in the contract in instances where the service company pays a person who is not employed by the company.  Several forms have been revised as well, including the Annual Report and the license application.   A major change to the Annual Report will require the reporting of compensation and other production information relating to use of “non-employee” sales representatives such as real estate brokers, insurance agents and mobile home dealers.   Under the new rules, Residential Service Companies will be required to maintain and report such information not currently required by TREC.   The changes covered by these amendments are effective September 1, 2010.

The information on this website is provided solely for informational purposes and presents only highly condensed summaries or general information relating to the topics presented. Therefore, it should not be relied upon as a complete record for purposes of regulatory compliance, nor is it intended to furnish legal advice adequate to any particular circumstances.