All bonds and licenses issued under the provisions of the Commission's enabling legislation expire on the 31st day of December of each odd numbered year, following the date of issue and are nontransferable. All applications for renewal should be submitted by the 1st day of November of each odd numbered year, and licenses will be issued by January 10th of each even numbered year. If application has not been made for renewal of license, such license expires on December 31st of the odd numbered year, and it shall be illegal for any person to represent himself and act as a dealer thereafter. Provided, if the restricted manufactured home park dealer has offered to sell with an option to purchase, which option has not expired, the restricted manufactured home park dealer shall be required to maintain its license unless and until all options to purchase have been extinguished.
Okla. Admin. Code § 765:39-3-6