What is the penalty amount for failing to have the company name as stated in department records?

The penalty amount for failing to have the company name as stated in department records is $200. It is important for a security company to adhere to the regulations set forth by the Texas DPS Private Security Bureau (PSB), including maintaining accurate records. When a company operates under a name that differs from what is officially registered, it creates confusion and undermines the integrity of business practices within the private security industry. The $200 penalty serves as a deterrent, emphasizing the importance of compliance with statutory requirements and holding companies accountable for their practices. Ensuring that the company name is consistent with department records helps maintain transparency and trust in the sector.