1-A. Renewal of registration as professional solicitor, professional fund-raising counsel or commercial co-venturer. The following provisions govern application and qualification for renewal registration as a professional solicitor, professional fund-raising counsel or commercial co-venturer.

A. An entity that holds a valid registration must submit a completed application for renewal before the date of expiration of the registration. A registration expires on the stated date of expiration. The office must shall mail an application form to the registrant's last known address.

B. An application may not be considered for approval until complete. If the application is incomplete, the applicant must include a letter documenting the specific reasons for the incompleteness the application is incomplete. If no such letter is included, the incomplete application must be returned for completion.

C. The complete application packet must include:

(1) All forms required in this section;

(2) A bond approved by the department in the sum of $25,000 with one or more responsible sureties whose liability in the aggregate as such sureties at least equals that sum. The bond must expire on the stated date of expiration and be kept on file in the office for 3 years; and

(3) A $200 renewal of registration fee.

D. A professional solicitor, professional fund-raising counsel or commercial co-venturer that who submits an application for renewal of registration after the expiration date must submit:

(1) A bond in the sum of $25,000 that expires on the stated date of expiration;