Section 399-G:8 License or Registration Term; Renewal.
I. Each license or registration shall remain in force until it has been surrendered, revoked, or suspended, or expires in accordance with the provisions of this chapter. Each license or registration shall expire on December 31 of each calendar year.
II. If a person holds a valid license or registration under this section and is in compliance with this chapter and the rules thereunder, such licensee may renew the license or registration by paying the required fee to the banking department on or before December 1 for the ensuing year that begins on January 1. Failure to renew the license or registration shall result in the license or registration terminating on December 31.
III. A renewal fee of $500 for the principal office license and $25 for each authorized delegate registration, up to a maximum annual fee of $4,000, shall be submitted with the application for license renewal.
IV. No application for renewal shall be denied without reasonable cause and the right of appeal pursuant to RSA 541-A and RSA 541.
Source. 2006, 303:35, eff. Aug. 18, 2006.