(1) A license issued under this chapter expires on December 31 of each year.
(2) To qualify to renew a license under this chapter an individual shall:
(a) meet the requirements of Section 70D-3-202; and
(b) complete the annual continuing education requirements of Section 70D-3-303.
(3) To renew a license under this chapter an individual shall:
(a) file an application with the commissioner in a form prescribed by the commissioner in rule;
(b) demonstrate that the individual continues to meet the requirements related to the nationwide database under 12 U.S.C. Sec. 5104;
(c) demonstrate completion of the continuing education requirements; and
(d) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $100.