A revoked repossession agency license is subject to expiration as provided in this
article, but it may not be renewed. If it is reinstated after its expiration, the licensee, as a condition precedent
to its reinstatement, shall pay a reinstatement fee in an amount equal to the renewal
fee in effect on the last regular renewal date before the date on which it is reinstated,
plus the delinquency fee, if any, accrued at the time of its revocation.
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