(1)
- (a) A license issued under this article 110 shall be renewed annually.
- (b) Not more than sixty days before the license expiration, a licensee shall pay an annual license fee to the banking board, as established by the banking board.
- (c) The renewal term is for a period of one year and begins on January 1 of each year after the initial license term and expires on December 31 of the year the renewal term begins.
- (2) A licensee shall submit a renewal report with the annual fee to the banking board, in a form and in a medium prescribed by the board by rule. 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 board.
- (3) The banking board may grant an extension of the renewal date for good cause.
- (4) The banking board may utilize NMLS to process license renewals if the functionality is consistent with the requirements of this section.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 393, § 1, effective August 6.