La. Admin. Code tit. 46 § III-1111

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-1111 - License Renewal and Penalty

A. A license shall expire annually on December 31. Each renewal license shall be valid throughout this state from January 1 of each year to December 31 of each year. All applications for renewal of auctioneers' licenses shall be submitted to the board by November 1 of each year, and licenses shall be issued by January 10 of each year. If application of renewal of the license has not been made, the license shall expire on December 31 and it shall be illegal for any person to represent himself and act as an auctioneer thereafter. Any auctioneer who submits a renewal application after January 1 shall be subject to a late penalty of $75, which shall be paid to the Louisiana Auctioneers Licensing Board. Any auctioneer having a previous annual license shall be presumed to be a renewal applicant unless the auctioneer has allowed the license to lapse for more than one year from the date of renewal. If such license has lapsed for one year or more, then the auctioneer shall be charged a license restoration fee of $100, in addition to all other applicable fees, and the auctioneer's request for reinstatement must be approved by the Louisiana Auctioneers Licensing Board at one of the board's regularly scheduled meetings. If an applicant is seeking reinstatement after the license has been expired by more than 24 months, the applicant is subject to reexamination if originally licensed for less than five years.

B. The board shall notify the auctioneer of the need for renewal at the last known address at least 60 days in advance of the expiration and send such forms for renewal as required by law.

La. Admin. Code tit. 46, § III-1111

Promulgated by the Department of Commerce, Auctioneer Licensing Board, LR 11:337 (April 1985), amended by the Department of Economic Development, Auctioneers Licensing Board, LR 14:785 (November 1988), amended by the Office of the Governor, Auctioneers Licensing Board, LR 37:2147 (July 2011).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3115.