(1) Each active title loan lender license will be renewed for the biennial period beginning October 1 of every even-numbered year, upon submission of the renewal fee and renewal notice to the Office of Financial Regulation, unless the license is renewed on the Office of Financial Regulation’s website. Form OFR-TLL-R (effective 10/00), Title Loan Lender License Renewal, is hereby incorporated by reference and available by mail from the Office of Financial Regulation, 200 East Gaines Street, Tallahassee, Florida 32399-0375.
    (2) Failure to return the renewal notice and fee prior to October 1 of the renewal year shall automatically result in the license becoming inactive. The inactive license may be reactivated within six (6) months after becoming inactive upon payment of the nonrefundable renewal and reactivation fees as set by Florida Statutes § 537.004, and return of the reactivation form.
    (3) A license that is not reactivated within 6 months after becoming inactive may not be reactivated and shall automatically expire.
Rulemaking Authority 537.004, 537.016 FS. Law Implemented Florida Statutes § 537.004. History-New 10-1-00, Formerly 3D-45.015.