Section 16-117-41 - Restoration of a forfeited license(a) A registration which has been forfeited for failing to renew the registration may be restored within six months of the forfeiture, provided the applicant pays the appropriate fees, including restoration fees, and submits evidence of establishment of a client trust account or a notarized average monthly net sales revenue report with either the bond or a letter of credit; provided further that an activity desk that had established a client trust account for less than one year shall not be allowed to provide a bond or letter of credit in lieu of a client trust account.(b) An applicant who fails to restore the registration as provided in subsection (a) shall apply as a new applicant.[Eff 1/16/93] (Auth: §§ -2, -17, Act 231, SLH 1992) (Imp: §§ -2, -17, Act 231, SLH 1992)