(a) A registrant must maintain the required security during the time the registrant conducts telephone solicitations as defined by §302.107, Texas Business and Commerce Code.(b) The registration status of the registrant will be placed in suspense if the security instrument filed by the registrant lapses at any time during the registration period. If valid security has not been properly filed by the 45th day after the security becomes ineffective, the file will be closed and the registration fee forfeited.