32-1025. Annual renewal of license
A. Except as provided in section 32-4301, a person desiring to secure renewal of a
collection agency license shall file a financial statement, make a renewal application to
the department and pay the fees prescribed in section 6-126 not later than January 1 of
each year upon forms prescribed by the superintendent setting forth verified information
to assist the superintendent in determining whether or not the applicant is in default of
or in violation of the terms of this chapter and whether the applicant is still meeting
the requirements of this chapter. If the renewal applicant is unable to make a financial
statement at the time of filing the application the applicant may make a written request
for an extension of time to file such financial report, and if the extension is granted
the applicant shall file a financial statement within thirty days after the issuance of a
renewal license.
B. A renewal license shall be issued February 1 each year upon application as
provided in subsection A of this section.
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