A. The minimum standards for license renewal for mortgage loan originators shall include the following:
1. The mortgage loan originator continues to meet the minimum standards for license issuance under Section 2095.7 of this title;
2. The mortgage loan originator has satisfied the annual continuing education requirements described in Section 2095.21 of this title; and 3. The mortgage loan originator has paid all required fees for renewal of the license. B. The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal shall expire. The Administrator of Consumer Credit may adopt procedures in addition to the requirements of Section 2095.6 of this title for the reinstatement of expired licenses consistent with the standards established by the Nationwide Multistate Licensing System and Registry.