1. A licensee under this article shall pay a biennial renewal fee no later than September 1 of an odd-ending year. The biennial renewal fee shall be the sum of five hundred dollars plus an additional one hundred dollars for each location at which business is conducted, but shall not exceed two thousand dollars. Fees for locations added after the initial application shall be submitted with the quarterly reports pursuant to section 533C.503, subsection 2.
2. A licensee under this article shall submit a renewal report with the renewal fee, in a form prescribed by the superintendent. The renewal report must state or contain:
a. A description of each material change in information submitted by the licensee in its original license application that has not been reported to the superintendent on any required report.
b. A list of the locations in this state where the licensee or an authorized delegate of the licensee engages in currency exchange.
3. If a licensee does not file a renewal report and pay its renewal fee by September 1 of an odd-ending year, or any extension of time granted by the superintendent, the superintendent may assess a late fee of one hundred dollars per day.
4. The superintendent for good cause may grant an extension of the renewal date.
2003 Acts, ch 96, §13, 42
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