Section 675.140 - Expiration, renewal and reinstatement of license; fees; regulations1. A license expires on December 31 of each year unless renewed by the licensee. To renew a license, a licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year:(a) An application for renewal; and(b) A fee of not more than $1,000 for each license held by the licensee.2. If a licensee fails to submit any item required pursuant to subsection 1 to the Commissioner on or after November 1 and on or before December 31 of any year, the license is cancelled as of December 31 of that year. The Commissioner may reinstate a cancelled license if the licensee submits to the Commissioner on or before February 28 of the following year:(a) An application for renewal;(b) The fee specified in paragraph (b) of subsection 1; and(c) A fee of not more than $400 for reinstatement.3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.Added to NRS by 1959, 229; A 1981, 757; 1983, 1807; 1987, 1989; 1989, 922; 2005, 1882; 2021, 2039Amended by 2021, Ch. 347,§18, eff. on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the amendatory provisions for all other purposes.Added to NRS by 1959, 229; A 1981, 757; 1983, 1807; 1987, 1989; 1989, 922; 2005, 1882