§ 4.5-305

290 words·~1 min read·/md/business-regulation/4-5-305·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§4.5–305.

(1)Unless renewed under this section, a registration or registration certificate expires on the second anniversary of its effective date.

(2)A registrant or registered sales representative that meets the requirements of subsection

(c)of this section may obtain a renewal of a registration or registration certificate before the registration or registration certificate expires for an additional 2–year term.

(3)Once expired, a registration or a registration certificate may not be renewed.

(b)At least 60 days before a registration or registration certificate expires, the Unit shall mail the registrant or registered sales representative, at the last known address of the registrant or registered sales representative:

(1)a renewal application form; and

(2)a notice that states:

(i)the date on which the current registration or registration certificate expires; and

(ii)the date by which the Unit must receive the renewal application for a renewal to be issued and mailed before the registration or registration certificate expires.

(c)The Unit shall renew the registration or registration certificate of each registrant or registered sales representative that:

(1)submits to the Unit a renewal application on the form provided by the Unit;

(2)would qualify for an initial registration or initial registration certificate;

(i)for renewal of a registration, pays to the Division a nonrefundable renewal fee based on the number of building permits for the construction of new homes issued to the registrant in the preceding calendar year as follows:

1. 10 or fewer new homes..................................... $400;

2. 11 to 74 new homes....................................... $800; and

3. 75 or more new homes……………………. $1,200; or

(ii)for renewal of a registration certificate, pays to the Division a nonrefundable renewal fee of $300; and

(4)is otherwise entitled to be registered.