A registration may be renewed upon:     
       (1) the submission of a completed application for renewal through the Nationwide Mortgage Licensing System and Registry together with the payment of the application renewal fee; and      
       (2) determination that the applicant continues to meet the minimum requirements for registration issuance.      
     Source Note:        The provisions of this §79.5 adopted to be effective January 5, 2012, 36 TexReg 9290