La. Admin. Code tit. 10 § XV-1913
Current through Register Vol. 50, No. 11, November 20, 2024
Section XV-1913 - Renewal of License or Notice of RegistrationA. Any application for renewal of a license or notice of registration issued pursuant to provisions of the VCBA shall be submitted through the NMLS and satisfy all renewal requirements of the VCBA, including but not limited to those required by R.S. 6:1388.B. Beginning July 1, 2023, the period for submitting applications for renewal of all licenses and notices of registration to engage in virtual currency business activities shall begin on the first day of November of each calendar year.C. A renewal application submitted on or before the thirty-first day of December shall be considered timely and the license or notice of registration seeks to renew shall remain in force and effect, as provided by the VCBA.D.1. An application for renewal of any license or notice of registration shall be accompanied by both: 2. If a licensee or registrant does not submit an application for renewal on or before the last day of February, the license or notice of registration shall lapse on the first day of March and the licensee or registrant shall cease engaging in virtual currency business in Louisiana, with persons and individuals in Louisiana or on behalf of persons or individuals in Louisiana, as provided by R.S. 6:1384.3. Any person whose license or notice of registration has lapsed may apply for a new license or notice of registration, in accordance with the VCBA.La. Admin. Code tit. 10, § XV-1913
Promulgated by the Office of the Governor, Office of Financial Institutions, LR 482564 (10/1/2022), Amended LR 49, Amended LR 49260 (2/1/2023).AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121, R.S. 6:121.2, R.S. 6:1385, R.S. 6:1386, R.S. 6:1387, R.S. 6:1388, R.S. 6:1389, and R.S. 6:1394.