OAR 863-035-0070: License Renewal

(1) A timeshare sales agent may only submit a license renewal application and pay the fee using an online application process, which is available through the Agency’s website. (2) For purposes of this rule, “received by the Agency” means the date a licensee completed the online renewal process and paid the fee required under ORS 696.270. (3) A timeshare sales agent license expires if a licensee fails to renew the license on or before the license expiration date. A timeshare sales agent may not engage in selling or offering to sell timeshares after a license expires. A timeshare sales agent may renew an expired license as provided in this rule. (4) The Agency may renew an active timeshare sales agent license to active status for the term prescribed in OAR 863-035-0050 when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online active renewal. (5) The Agency may renew an active timeshare sales agent license to inactive status for the term prescribed in OAR 863-035-0050, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (6) The Agency may renew an inactive timeshare sales agent license to inactive status for the term prescribed in OAR 863-035-0050, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (7) The Agency may renew an inactive timeshare sales agent license to active status for the term prescribed in OAR 863-035-0050, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; (b) The online active renewal application; and (c) The online license transfer application, available through the Agency's website, completed by the receiving principal broker per OAR 863-035-0090. (8) The Agency may renew an expired timeshare sales agent license to active status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; (b) An online active renewal; and (c) An online license transfer application, available through the Agency's website, completed by the receiving principal broker under OAR 863-035-0090. (9) The Agency may renew an expired timeshare sales agent license to inactive license status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; and (b) An online inactive renewal application. (10) When the Agency renews an expired license, the renewed license is effective the date the renewal requirements are met. The renewal is not retroactive to the date the license expired and an expired license retains the status of expired during the expiration period. (11) A license renewed under this rule expires two years from the date of the original expiration date. (12) A timeshare sales agent license that has expired for more than one year is lapsed, as defined in ORS 696.010. (13) A license may not be renewed if it is lapsed, surrendered, suspended, or revoked. Except as provided in OAR 863-035-0130, the former licensee must reapply and meet all the licensing qualifications required of new license applicants.