LAC 55:IX.121. Expiration of Permit

A. All permits or registrations shall expire at midnight on the date of their expiration. B. All permits or registrations renewed after their expiration date shall have an administrative penalty of 5 percent of the assessed permit or registration fee for each month or fraction thereof, not to exceed 25 percent of the amount of the assessed permit or registration fee. C. All permits or registrations renewed after their expiration date shall have administrative interest of 1 percent of the assessed permit or registration fee added for each month or fraction thereof to the amount of the permit or registration fee due. D. Five days after the expiration of a permit or registration fee renewal date, any dealer continuing in operation without the payment of the fee, administrative penalty, and/or administrative interest due shall be considered as operating in violation of R.S. 40:1841-1853 and the rules and regulations of the commission. The commission may assess a civil penalty in accordance with R.S. 40:1846.1.E or any applicable provision of LAC 55:IX.117.