LAC 46:LXVII.30303. License Renewal Applications

A. Each appraisal management company license shall be renewed annually. Timely submission of a renewal application shall rest solely with the licensee. B. The renewal application shall be in such form and detail as prescribed by the board and shall be accompanied by all documentation requested therein. Applicants for a renewal license shall adhere to all directions and deadlines prescribed within the application. C. When an applicant has made a false statement of material fact on a license renewal application, or in any related document, such false statement constitutes sufficient grounds for refusal of a renewal license. D. A licensee that fails to renew by December thirty-first of each calendar year in accordance with R.S. 37:3415.6 shall be prohibited from operating as an appraisal management company in Louisiana until such time that the license has been renewed and any further requirements of the board have been met.