§6092. Renewal of license
License renewal is governed by this section.
[PL 2023, c. 662, §2 (NEW).]
1.
Annual renewal.
A license under this Act may be renewed annually. The renewal term is for a period of one year and begins on January 1st of each year after the initial license term and expires on December 31st of the year the renewal term begins.
[PL 2023, c. 662, §2 (NEW).]
2.
Renewal report.
A licensee must submit a renewal report with the renewal fee, in a form and in a medium prescribed by the administrator. The renewal report must state or contain a description of each material change in information submitted by the licensee in its original license application that has not been reported to the administrator.
[PL 2023, c. 662, §2 (NEW).]
3.
Renewal extension.
The administrator for good cause may grant an extension of the renewal date.
[PL 2023, c. 662, §2 (NEW).]
4.
Processing license renewals.
The administrator may use NMLS to process license renewals as long as the license renewals are consistent with the requirements of this section.
[PL 2023, c. 662, §2 (NEW).]
SECTION HISTORY
PL 2023, c. 662, §2 (NEW).