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An application on the form prescribed by the Commissioner for the renewal of a license, filed before midnight of the last day of the period for which a previous renewal license was issued, or midnight of the expiration date of an original license under which the bolder has been notified that he is eligible for a renewal license, accompanied by the applicable renewal fee, entitles the applicant to continue operating under his existing license after its specified expiration date, if not previously suspended or revoked, and

COL 06112010
21 Guam Code Ann. REAL PROPERTY
CH. 104 REAL ESTATE REGULATIONS

until such date as he is notified in writing that the application has been granted or denied.
SOURCE: GC § 58164.

§ 104216. Persons to Whom Issuance of Restricted License Is
Authorized.

The Commissioner may issue a restricted license to a person who is applying for a license under this Chapter, who has met the examination and experience requirements, but who has been found by the Commissioner after a hearing not to have made a satisfactory showing that be meets all of the other requirements for the license applied for, where such failure would justify the denial of the license applied for.
SOURCE: GC § 58165.