3 AAC 14.155 - Registration renewal
(a) To renew a registration under AS
06.60.014, a registered depository institution shall submit to the department
through the registry on or after November 1 of the annual registration period
the annual registration fee required under
3
AAC 14.160(a)(2) and a renewal
application updating the record of the registered depository institution, if
necessary, and attesting to the current accuracy and completeness of the
information in the record of the registered depository institution with the
department and the registry.
(b) The
department will designate an incomplete renewal application as "on hold" in the
registry. The department will approve or deny the application for renewal of
registration not later than 60 days after the renewal application is submitted
to the department through the registry. The 60-day period begins on the date
all documentation required by the department is received, and an "on hold"
designation in the registry for the renewal application is removed. If a
registered depository institution fails to satisfy the requirements of (a) of
this section, the registration expires at the end of the period for which the
registration was issued.
(c) To
renew a registration, a registered depository institution shall pay to the
department the annual registration fee and any other outstanding fee, including
an investigative fee, a registration fee, a late fee, an administrative penalty
owed to the department, or a refund or restitution payment ordered by the
department to be made to a consumer.
(d) Nothing in this section relieves an
applicant from the obligation to pay processing or other fees that the registry
sets for services that the registry provides.
Notes
Authority:AS 06.60.014
AS 06.60.910
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