LAC 55:IX.1519. 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 permit or registration fee due added for each month or fraction thereof, not to exceed 25 percent of the amount of the permit or registration fee due. C. All permits or registrations renewed after their expiration date shall have administrative interest of 1 percent of the permit or registration fee due added for each month or fraction thereof to the amount of the permit or registration fee due. D. After the expiration of a permit or registration fee renewal date, by five days, any dealer continuing in operation without the payment of the fee, any administrative penalty, and any administrative interest due, shall be considered as operating in violation of R.S. 3:1356(A) and the rules and regulations of the commission. The commission may assess a civil penalty in accordance with R.S. 3:1357 or may suspend, cancel or revoke said permit or registration.