Section 3 AAC 14.155 - Registration renewal(a) To renew a registration under AS 06.60.014, a registered depository institution shall submit to the department through the registry on or after November 1 of the annual registration period the annual registration fee required under 3 AAC 14.160(a)(2) and a renewal application updating the record of the registered depository institution, if necessary, and attesting to the current accuracy and completeness of the information in the record of the registered depository institution with the department and the registry.(b) The department will designate an incomplete renewal application as "on hold" in the registry. The department will approve or deny the application for renewal of registration not later than 60 days after the renewal application is submitted to the department through the registry. The 60-day period begins on the date all documentation required by the department is received, and an "on hold" designation in the registry for the renewal application is removed. If a registered depository institution fails to satisfy the requirements of (a) of this section, the registration expires at the end of the period for which the registration was issued.(c) To renew a registration, a registered depository institution shall pay to the department the annual registration fee and any other outstanding fee, including an investigative fee, a registration fee, a late fee, an administrative penalty owed to the department, or a refund or restitution payment ordered by the department to be made to a consumer.(d) Nothing in this section relieves an applicant from the obligation to pay processing or other fees that the registry sets for services that the registry provides.Eff. 1/1/2017, Register 220, January 2017Authority:AS 06.60.014
AS 06.60.910