3:15-2.7 Late renewal of business and/or branchlicenses; late filing fees; reinstatement fees
(a) A person who submits a renewal application for a business license after the expiration of the license, but no later than the last day of February immediately thereafter may renew by paying a penalty for late filing of $600.00 per license.
(b) A person who submits a renewal application for a branch after the expiration of the branch license but no later than the last day of February immediately thereafter may renew by paying a penalty for late filing of $500.00 per branch license.
(c) A person who submits a renewal application after the last day of February immediately following the expiration of the license shall be treated as a new licensee and be required to submit an application with a fee as specified in N.J.A.C. 3:15-4.
(d) Payment of penalties for late renewal filing shall be collected on behalf of the Commissioner through the NMLS R.
(e) The date of submission for this section shall be the date on which the electronically submitted complete renewal application was accepted for processing by the NMLS R.
(f) The fact that a person submits an application for renewal of a license following the expiration of the licensing period does not authorize that person to engage in any activity subject to licensure without having a properly renewed license. The Department may take administrative action, imposing fines and penalties against anyone who engages in a licensed activity without being properly licensed.
(g) Application fees are nonrefundable.
Recodified from 3:15-2.2 by R. 1997 d. 257, effective June 16, 1997. See: 29 N.J.R. 1489(a), 29 N.J.R. 2641(a). Amended by R. 2002 d. 353, effective November 4, 2002. See: 34 N.J.R. 1775(a), 34 N.J.R. 3795(a). Rewrote the section. Amended by R. 2006 d. 235, effective June 19, 2006. See: 38 N.J.R. 10(a), 38 N.J.R. 2674(a). Deleted "paying the license fee as specified in N.J.A.C. 3:15-4.3 and" following "by" in (a); in the second sentence of (b), deleted "the license fee as specified in N.J.A.C. 3:15-4.3 and" following "by"; inserted "penalty for late filing of and deleted "reinstatement fee" following "$700.00"; substituted "a fee" for "application and license fees" in (c); deleted (d); recodified former (e) through (g) as (d) through (f); inserted "or penalties" in (d); substituted "section" for "subsection" in (e); and added (g). Recodified from N.J.A.C. 3:15-2.6 and amended by R. 2010 d. 129, effective June 21, 2010 (operative July 31, 2010). See: 41 N.J.R. 2829(a), 42 N.J.R. 1139(b). Section was "Late renewal of licenses; late filing fees; reinstatement fees". In (a), inserted "for a business license", and substituted "the last day of February immediately thereafter" for "45 calendar days after such expiration," and "$600.00 per license" for "$500.00"; rewrote (b), (d) and (e); in (c), substituted "after the last day of February immediately" for "later than 90 days"; and in (f), inserted ", imposing fines and penalties against". Former N.J.A.C. 3:15-2.7, Inactive license status; application fee, recodified to N.J.A.C. 3:15-2.8.