(a) A licensee under this article shall pay a biennial renewal fee of $750 no later than December 1 for the succeeding biennium or, if December 1 is not a business day, on the next business day.
(b) A licensee under this article shall submit a renewal report with the renewal fee, in a form and in a medium prescribed by the commissioner. The renewal report must contain:
(1) a description of each material change in information submitted by the licensee in its original license application that has not been reported to the commissioner on any required report; and
(2) a list of the locations in this State where the licensee or an authorized delegate of the licensee engages in currency exchange, including limited stations and mobile locations.
(c) A licensee may renew a license after the time specified in subsection (a) before the expiration of the license by:
(1) paying $750;
(2) complying with the requirements in subsection (b); and
(3) paying a late fee of $250 so long as the complete renewal application is received.
(d) The commissioner for good cause may grant an extension of the renewal date.
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