Failure to remit the renewal fee or registration statement or both by the registration deadline automatically cancels the license of a time-share agent. In addition, if an insufficient funds check is presented to the commission for payment of the renewal fee, the commission may cancel the license of the time-share agent.

Source: 10 SDR 68, effective January 1, 1984; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 15 SDR 100, effective January 10, 1989; transferred from § 20:56:21:17, August 16, 1993.

General Authority: SDCL 36-21A-89 , 43-15B-6.

Law Implemented: SDCL 36-21A-47 , 36-21A-61 , 43-15B-6 , 43-15B-7.