10 Pa. Code § 42.4 – Annual renewal required.

(a) Annually, the Department will mail to each registered loan broker an application for renewal of the loan broker’s registration.
(b) On or before December 1 of each year, a loan broker shall return the following to the Department:
1. (1) A completed renewal registration application provided by the Department.
2. (2) Payment of a renewal registration fee of $300.
(c) On or before January 15 of each year, the Department will take one of the following actions with regard to renewal applications which it received on or before December 1 of the prior year:
1. (1) Notify the loan broker that the loan broker’s registration is renewed.
2. (2) Under § 42.5 (relating to disapproval of registration), notify the loan broker that the loan broker’s renewal registration is rejected and that the loan broker is no longer registered as a loan broker.
3. (3) Notify the loan broker that the registration application was incomplete and that additional information is required. In this case, the Department has 30 days from receipt of a completed registration application to notify the loan broker under paragraph (1) or (2).
(d) A loan broker who fails to return to the Department by December 1 of each year a completed renewal registration application provided by the Department and payment of a renewal registration fee of $300 will be subject to a late fee of $100 upon submission to the Department of a renewal registration application.
(e) The renewal registration shall be effective from February 1 or upon the Department’s issuance of written notification to the applicant that the applicant has been registered by the Department as a loan broker, whichever is later, through January 31 of the following year.