(a) Expiration of registration.- Unless the registration of a business opportunity is renewed for a 1-year term as provided in this section, the registration expires on the first anniversary of its effective date.
(b) Qualifications for renewal.- Before the registration expires, the registrant periodically may renew it for an additional 1-year term, if the registrant:
(1) files with the Commissioner:
(i) a renewal application on the form that the Commissioner provides;
(ii) a current disclosure document along with any other documents or information that the Commissioner may require by order or regulation; and
(iii) proof that the seller has satisfied the bond and trust account requirements under § 14-115 of this subtitle; and
(2) pays a renewal fee of $100.
(c) Renewal of registration.- The Commissioner shall renew the registration of a business opportunity if the registrant complies with the requirements of this section.
(a) Expiration of registration.- Unless the registration of a business opportunity is renewed for a 1-year term as provided in this section, the registration expires on the first anniversary of its effective date.
(b) Qualifications for renewal.- Before the registration expires, the registrant periodically may renew it for an additional 1-year term, if the registrant:
(1) files with the Commissioner:
(i) a renewal application on the form that the Commissioner provides;
(ii) a current disclosure document along with any other documents or information that the Commissioner may require by order or regulation; and
(iii) proof that the seller has satisfied the bond and trust account requirements under § 14-115 of this subtitle; and
(2) pays a renewal fee of $100.
(c) Renewal of registration.- The Commissioner shall renew the registration of a business opportunity if the registrant complies with the requirements of this section.
(a) Expiration of registration.- Unless the registration of a business opportunity is renewed for a 1-year term as provided in this section, the registration expires on the first anniversary of its effective date.
(b) Qualifications for renewal.- Before the registration expires, the registrant periodically may renew it for an additional 1-year term, if the registrant:
(1) files with the Commissioner:
(i) a renewal application on the form that the Commissioner provides;
(ii) a current disclosure document along with any other documents or information that the Commissioner may require by order or regulation; and
(iii) proof that the seller has satisfied the bond and trust account requirements under § 14-115 of this subtitle; and
(2) pays a renewal fee of $100.
(c) Renewal of registration.- The Commissioner shall renew the registration of a business opportunity if the registrant complies with the requirements of this section.
