Section 62-20-112 - Expiration and renewal of licenses(a) All licenses or identification cards shall expire the last day of the twenty-fourth month from issuance or renewal.(b) Application for renewal of a collection service license shall be submitted to the board prior to the expiration date and shall be accompanied by: (1) A fee as set by the board;(2) Evidence of renewal of the bond or certificate of deposit under the terms required by this chapter;(3) A current balance sheet prepared by a licensed public accountant or certified public accountant; and(4) Proof that all taxes that are applicable to the collection service licensee and that are then due and payable have been paid.(c) All licenses shall be subject to late renewal for a period of sixty (60) days following their expiration date by payment of the prescribed fee plus a penalty as set by the board.Amended by 2013 Tenn. Acts, ch. 180, s 8, eff. 4/23/2013.Acts 1981, ch. 170, § 12; 1985, ch. 354, § 15; 1988, ch. 823, §§19-23; 1989, ch. 360, § 11; 1989, ch. 523, §§ 171-173; 1990, ch. 1026, §43; 2008 , ch. 1038, § 3.