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