Section 26-31-309 - LICENSE RENEWAL AND REINSTATEMENT REQUIREMENTS(1) The minimum standards for license renewal for mortgage loan originators licensed under this part shall include the following: (a) The mortgage loan originator continues to meet the minimum standards for license issuance pursuant to section 26-31-306, Idaho Code;(b) The mortgage loan originator has satisfied the annual continuing education requirements pursuant to section 26-31-310, Idaho Code; and(c) The mortgage loan originator has filed with the director through the NMLSR, on or before December 31 of each year, a renewal application containing such information as the director may require, accompanied by a nonrefundable annual license renewal fee of one hundred dollars ($100).(2) If a mortgage loan originator fails to timely satisfy the provisions of subsection (1) of this section, notwithstanding the provisions of section 67-5254, Idaho Code, then his license automatically and immediately expires. (3) The director may reinstate an expired license during the time period of January 1 through February 28, immediately following license expiration if the director finds that the former licensee meets the requirements for licensure under this part after submission to the director of:(a) A complete application for renewal;(b) The fees required to apply for license renewal unless previously paid for the period for which the license renewal applies; and(c) A reinstatement fee of one hundred dollars ($100).[26-31-309, added 2009, ch. 97, sec. 2, p. 302; am. 2013, ch. 64, sec. 18, p. 158.]Amended by 2013 Session Laws, ch. 64,sec. 18, eff. 7/1/2013.