1. I. Licenses issued pursuant to this chapter shall be renewed annually. The renewal term shall be for a period of one year and shall begin on January 1 of each year after the initial license term and shall expire on December 31 of the year the renewal term begins. An annual renewal fee of $500 shall be submitted with the application for renewal.
2. II. A licensee shall submit a renewal application with the renewal fee, in a form and in a medium prescribed by the commissioner. The renewal application must state or contain a description of each material change in information submitted by the licensee in its original license application which has not been reported to the commissioner.
3. III. The commissioner for good cause may grant an extension of the renewal date.
4. IV. The commissioner is authorized to utilize NMLS to process license renewals provided that such functionality is consistent with this section.
5. V. Authorized delegates shall renew their registrations annually. A fee of $25 shall be submitted with the renewal.

Source. 2024, 368:1, eff. Oct. 22, 2024.