A licensee who renews on or before the first day of their designated renewal month by submitting a renewal application and $200 renewal fee, but does not submit current financial information, may be granted an extension of time for filing same until for a period of ninety days, but no longer. The board considers “current financial information” as being no more than one year old, prepared by a CPA, and submitted as required by the Board. If the required financial information is not received by the end of the ninety-day extension period, the applicant will be required to pay a $50 late penalty prior to renewing the license. All licensees not holding a current license for more than one year must file a new application for license.

Author: Kathleen A. Brown, Joseph C. Rogers, Jr.

Statutory Authority: Code of Ala. 1975, §34-8-33.

History: Filed September 16, 1982. Amended: Filed August 22, 1996; effective September 26, 1996. Amended (Title only): Filed December 16, 1997; effective January 20, 1998. Amended: Filed April 28, 2005; effective June 2, 2005. Amended: Filed May 20, 2005; effective June 24, 2005. Repealed and New Rule: Filed August 25, 2005; effective September 30, 2005.