Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 13 - Money Services
Article 1 - Licensing
3 AAC 13.060 - Renewal of currency exchange license

(a) The department may deny renewal of a currency exchange license on the same grounds for which the license may be revoked or suspended under AS 06.55.601 or this chapter.

(b) If the currency exchange licensee fails to make a timely request for renewal of the license, the department will send a notice of suspension to the licensee at the address most recently provided to the department by the licensee.

(c) The department will extend the date for renewing a currency exchange license if the licensee makes a written request for an extension not later than 30 days before the anniversary date of the issuance of the currency exchange license and the department finds that the licensee has shown the requested extension of time is reasonably necessary in order to submit the documentation required in AS 06.55.204.

(d) A request to renew a currency exchange license must be made to the department through the registry.