Rule 20-10-.03. Penalty Period (Late Renewal)

1. (1) Renewal applications submitted during the four months penalty period following license expiration will be considered penalty period applications.
2. (2) Penalty period applications must be accompanied by a penalty fee of $100.00, an affirmation that the continuing professional education requirements set forth in Chapter 20-11 of the Rules have been met prior to the license expiration date, and such other information as the Board may require.
3. (3) Licenses which have not been renewed prior to or during the penalty period in accordance with Rules 20-10-.02 or 20-10-.03 may not be renewed; provided however, that the holder thereof may apply for reinstatement.
4. (4) During the penalty period, without a current license it is unlawful to practice public accountancy in this state.

Authority: O.C.G.A Secs. 43-3-7, 43-3-8, 43-3-18, 43-3-20.

History. Original Rule entitled "Permits Issued to Certified Public Accountants, Registered Public Accountants, and Foreign Accountants" was filed on February 9, 1978; effective March 1, 1978.

Amended: Rule repealed and a new Rule entitled "Expired Permits" adopted. Filed September 29, 1982; effective November 1, 1982, as specified by the Agency.

Amended: Rule repealed and a new Rule of same title adopted. Filed June 11, 1985; effective July 1, 1985.

Repealed: New Rule entitled "Late Renewal" adopted. F. Feb. 15, 1995; eff. Mar. 7, 1995.

Amended: F. Jan. 5, 2001; eff. Jan. 25, 2001.

Amended: New title "Penalty Period (Late Renewal)." F. Feb. 4, 2015; eff. Feb. 24, 2015.