R162-57a-9. Renewal and Reinstatement of Project Registration

(1) Project registration renewal. To renew a registration of a project, a person shall submit to the division, no later than the expiration date set forth on the order of registration: (a) an annual report; (b)(i) an updated property report, with changes underlined in red; or (ii) a statement that no changes have occurred in the property report that is on record with the division; (c) a description of any change in the information provided in the application for registration; (d) documentation of any judicial proceeding or regulatory investigation instituted by complaint of a purchaser against the developer and arising out of or relating to: (i) the advertising or sale of an interest; (ii) disclosures required under Section 57-19-11; (iii) rescission rights; (iv) fraud; or (v) misrepresentation of interests represented by the registration; and (e) a nonrefundable renewal fee. (2) Reinstatement. (a) To reinstate an expired project registration, a person shall submit to the division, no later than 90 calendar days following the expiration of the registration: (i) all materials required for a timely renewal; and (ii) a nonrefundable late fee. (b) A registration that is expired more than 90 days may not be renewed or reinstated. To obtain a registration, a person shall apply as a new applicant.