17 CAR § 240-1005 – Failure to renew license — Lapsed status

(a) Any license not renewed on or before July 31 shall be considered lapsed.
(b) The Auctioneer’s Licensing Board shall issue a final late renewal notice by first class and electronic mail, notifying licensees of the renewal requirements and the two-hundred-dollar late renewal penalty, for all licensees whose license has lapsed.