(a) Before conducting business in this state, a credit services organization shall register with the secretary of state by filing a statement that:
(1) contains the name and address of:
(A) the organization; and
(B) each person who directly or indirectly owns or controls at least 10 percent of the outstanding shares of stock in the organization; and
(2) fully discloses any litigation or unresolved complaint relating to the operation of the organization filed with a governmental authority of this state or contains a notarized statement that there has been no litigation or unresolved complaint of that type.
(b) The organization shall keep a copy of the registration statement in its files.
(c) The secretary of state may not require an organization to provide information other than information contained in the registration statement.
(d) A registration certificate expires on the first anniversary of its date of issuance. A registered credit services organization may renew a registration certificate by filing a renewal application, in the form prescribed by the secretary of state, and paying the renewal fee.