286.9 -080 Licenses -- Renewal and reinstatement. (1) Each license may be renewed for the ensuing twelve (12) month period upon the timely submission of a completed renewal application and payment to the commissioner annually on or before December 31 of each year of the following fees: (a) Five hundred dollar s ($500) for the first location; and (b) Five hundred dollars ($500) for each additional location. (2) The commissioner may reinstate a license that has expired within thirty -one (31) days of the expiration of the license if the licensee pays: (a) A late f ee of one hundred dollars ($100); and (b) A reinstatement fee of five hundred dollars ($500). (3) A license shall not be reinstated when the renewal application, fees, or any required information is received after January 31 of the following year that the application was due. (4) The commissioner may, by promulgation of an administrative regulation pursuant to KRS Chapter 13A, modify the dates for submissions under this section when necessary to: (a) Implement uniform national licensing procedures; or (b) Facilitate common practices and procedures among the states. Effective: June 29, 2023 History: Amended 2023 Ky. section when necessary to: (a) Implement uniform national licensing procedures; or (b) Facilitate common practices and procedures among the states. Effective: June 29, 2023 History: Amended 2023 Ky. Acts ch. 33, sec. 1, effective June 29, 2023. -- Amended 2010 Ky. Acts ch. 24, sec. 808, effective July 15, 2010. -- Amended 2009 Ky. Acts ch. 98, sec. 3, effective January 1, 2010. -- Amended 1998 Ky. Acts ch. 601, sec. 7, effective April 14, 1998. -- Created 1992 Ky. Acts ch. 213, sec. 8, effective July 14, 1992; and ch. 341, sec. 8, effective July 14, 1992. Formerly codified as KRS 368.080. Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.
Kentucky Legal Code