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Indiana Code Title 28. Financial Institutions § 28-8-4.1-506

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 506. (a) A license under this chapter shall be renewed annually as follows:

(1) An annual renewal fee, as set by the department, shall be paid not later than December 31 of each year.

(2) The renewal term is for a period of one (1) year and:

(A) begins on January 1 of each year after the initial license term;  and

(B) expires on December 31 of the year the renewal term begins.

(b) A licensee shall submit a renewal report with the renewal fee, in a form and by a medium prescribed by the director.  The renewal report must state or contain a description of each material change in the information submitted by the licensee in its original license application, if such change has not been previously reported to the department.

(c) The director may grant an extension of the renewal date for good cause.

(d) The director may use the NMLS to process license renewals, as long as the functionality of the NMLS for such purpose is consistent with this section.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-8-4.1-506 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-8-4-1-506/

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