What is the penalty for renewing a license after the allowed grace period?

The penalty for renewing a license after the allowed grace period typically involves a late fee, which in this case is specified as $100. This fee serves as a financial deterrent to encourage timely renewal of licenses, ensuring that license holders maintain their credentials and comply with regulatory standards.

The late fee acts as a reminder of the importance of adhering to renewal deadlines and the responsibilities that come with holding a license in the manufactured homes industry. It allows individuals to keep their license active while incurring an additional cost for the delay, thus avoiding more severe penalties such as the loss of the license or mandatory retraining, which can result in additional complications and delays in their business operations.

Understanding this penalty highlights the importance of maintaining awareness of renewal timelines and the associated responsibilities in the field.