C.R.S. § 11-110-506: Renewal of license - annual fee - renewal report.

(1) (a) A license issued under this article 110 shall be renewed annually.

(b) Not more than sixty days before the license expiration, a licensee shall pay an annual license fee to the banking board, as established by the banking board.

(c) The renewal term is for a period of one year and begins on January 1 of each year after the initial license term and expires on December 31 of the year the renewal term begins.

(2) A licensee shall submit a renewal report with the annual fee to the banking board, in a form and in a medium prescribed by the board by rule. The renewal report must state or contain a description of each material change in information submitted by the licensee in its original license application that has not been reported to the board.

(3) The banking board may grant an extension of the renewal date for good cause.

(4) The banking board may utilize NMLS to process license renewals if the functionality is consistent with the requirements of this section.