(1) A professional fundraiser's or professional fundraising consultant's registration issued under this chapter expires one year after the day on which the division issues the registration.
(2) A professional fundraiser or a professional fundraising consultant:
(a) may renew a registration only by complying with the requirements for obtaining the original registration; and
(b) shall submit an application to renew a registration at least 30 days before the day on which the professional fundraiser's or the professional fundraising consultant's registration expires.