(a) The license, registration and nonresident’s operating privilege shall remain so suspended and shall not be renewed, nor shall any license or registration be thereafter issued in the name of the person, including any person not previously licensed unless and until the judgment is satisfied in full or he files an installment repayment agreement as provided in section 515 and, notwithstanding the provisions of section 528, maintains proof of financial responsibility as provided in section 517 until the judgment is satisfied in full.

    (b) Judgments shall be deemed to be satisfied in full under this section if not renewed prior to the expiration of the statute of limitations.