1. (a) A forfeited registration may be restored by submitting an application provided by the director and by paying a delinquent renewal fee and a restoration fee in the amount specified by rule.
2. (b) Failure to restore a forfeited registration within sixty days of forfeiture shall cause the registration to be terminated.
3. (c) The director may extend the sixty-day limitation for good cause shown.
4. (d) Upon termination of registration, the collection agency shall cease to do business.

[L 1990, c 246, pt of §1; am L 1992, c 202, §61]