3009.1 A student loan servicer license shall expire on December 31st of each year.

3009.2 In order to renew a license, a licensee shall:

(a) File a license renewal application with the NMLS on a form prescribed by the Commissioner at least thirty (30) days before the expiration date of the licensee's current license;

(b) Pay the required fees prescribed in § 3023 and supply the Commissioner with any other required information; and

(c) Demonstrate that the licensee continues to meet the standards for licensure under the Act and this chapter.

SOURCE: Final Rulemaking published at 65 DCR 8395 (August 10, 2018).