(a) The late renewal penalty shall be:

1. (1) One hundred dollars ($100) if renewed between July 16 – December 31 of the year of expiration;
2. (2) Two hundred dollars ($200) if renewed between January 1 – July 15 of the year of expiration; or
3. (3) Three hundred dollars ($300) if renewed on or after July 16 of the year following expiration.

(b)

1. (1) Licenses shall be renewed within two (2) years of expiration upon payment of the:

   1. (A) Renewal fee; and
   2. (B) Late renewal penalty.

2. (2) After that period, and for the next three (3) years, renewal is subject to:

   1. (A) Board of Examiners in Speech-Language Pathology and Audiology review; and
   2. (B) Payment of the renewal fee and the late renewal penalty.

(c) After five (5) years of the initial expiration:

1. (1) The license shall not be renewed, per Arkansas Code § 17-100-305; and
2. (2) The individual must apply for a new license.