Section 6092 - Renewal of licenseLicense renewal is governed by this section. [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. [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. [2023, c. 662, §2 (NEW).]
3.Renewal extension. The administrator for good cause may grant an extension of the renewal date. [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. [2023, c. 662, §2 (NEW).]
Added by 2024, c. 662,§ 2, eff. 8/9/2024.