Failure to remit the renewal fee or registration statement or both by the registration deadline automatically cancels the license of a time-share agent. In addition, if an insufficient funds check is presented to the commission for payment of the renewal fee, the commission may cancel the license of the time-share agent.
S.D. Admin. R. 20:69:13:16
General Authority: SDCL 36-21A-89, 43-15B-6.
Law Implemented: SDCL 36-21A-47, 36-21A-61, 43-15B-6, 43-15B-7.