32-6B-14. Multiple year license--Annual review--Renewal notice--Suspension or revocation. Each license may be issued for a multiple year period. The application for license and all applicable fees are due prior to the issuance of the initial license. Each license shall be reviewed annually by the department. The department shall mail to the licensee at the last known address a renewal notice. If the licensee is registered on the electronic dealer system, the licensee shall receive the renewal notice by electronic means. The department shall establish by rules promulgated pursuant to chapter 1-26 the review date, if other than October first to December thirty-first, inclusive. If the licensee fails to return the renewal notice or to pay the applicable fees the department shall suspend or revoke the license pursuant to the provisions of §§ 32-6B-41.1 to 32-6B-41.6, inclusive.
Source: SL 1986, ch 250, § 15; SL 1987, ch 215, § 13; SL 1997, ch 182, § 4; SL 2013, ch 141, § 3; SL 2019, ch 130, § 15.
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