The Secretary of State shall charge a nonrefundable filing fee of one hundred dollars for processing and maintaining the information filed by the seller. The Secretary of State shall maintain a record of all sellers registering under this chapter and shall assign a registration number to each. A person who fails to file is guilty of a misdemeanor and, upon conviction, must be fined not more than two hundred dollars or imprisoned not more than thirty days. Each day a person fails to file constitutes a separate offense. Licenses required by Chapter 57 of Title 39 to be registered biennially must be assigned registration periods as provided in this section.
Registrations are valid until the last day of the month in which the registration expires.
The license fees charged during the conversion process must be prorated for the length of the license issued. The registration and licensing of every licensee must be renewed biennially upon application by the holder and by payment of fees required by law to take effect on the first day of the month following the expiration of the registration and licensing to be renewed. This section does not prevent the Secretary of State's Office from refusing to issue a license. Seller prohibited from certain representations and acts. Upon receipt of such sums, the purchaser shall make available to the seller at purchaser's address or at the places at which they are located at the time notice is given, all products, equipment or supplies received by the purchaser.