2011 Kentucky Revised Statutes CHAPTER 324 REAL ESTATE BROKERS AND SALESMEN 324.090 Expiration of license -- Fine for failure to renew on time -- Expired status.
KY Rev Stat § 324.090 (1996 through Reg Sess) What's This?
324.090 Expiration of license -- Fine for failure to renew on time -- Expired status.
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Licenses shall expire annually and shall be renewed each year on the date
determined by the commission by administrative regulation. The commission shall
renew a license for each ensuing year, in the absence of any reason or condition
which might warrant the refusal of the granting of the license, upon receipt of the
written request of the applicant and payment of the annual fees required. A new
license shall be mailed only if the licensee's name, address, status, or affiliation
changes.
A fine not to exceed two hundred dollars (0) shall be assessed for failure to
renew on time before a new license is issued. Failure to receive a renewal form shall
not constitute an adequate excuse for failure to renew on time nor shall failure of
the mail.
Any license not renewed at the end of the renewal year as prescribed by the
commission shall automatically revert to expired status. An expired license may be
reactivated before a lapse of one (1) year, if delinquent fees are paid by the licensee.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 130, sec. 1, effective July 15, 2010. -- Amended
2000 Ky. Acts ch. 488, sec. 8, effective July 14, 2000. -- Amended 1998 Ky. Acts
ch. 313, sec. 6, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 448, sec. 10,
effective July 14, 1992. -- Amended 1984 Ky. Acts ch. 352, sec. 4, effective July 13,
1984. -- Amended 1982 Ky. Acts ch. 196, sec. 16, effective July 15, 1982. -Amended 1972 Ky. Acts ch. 51, sec. 5. -- Amended 1942 Ky. Acts ch. 184, secs. 3
and 11. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. sec. 3990e-5.
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