(1) |
A licensee shall report a change in the
Qualify Agent affiliation with a business organization to the Board:
(a) |
A Qualifying Agent must notify the Board
within 30 days of the termination of the relationship with the business
organization for which they are licensed as qualifying agent by submitting a
Disaffiliation form, as established by the Board. A Qualifying Agent license
shall be placed on inactive status upon the Board's receipt of such
notification pursuant to Rule
553-10-.01. |
(b) |
An owner or officer of a licensed
Residential or General Contracting company must notify the Board within 45 days
of the termination of the relationship with the affiliated licensed qualifying
agent by submitting a Disaffiliation form, as established by the Board. A
company license shall be placed on inactive status upon the Board's receipt of
such notification pursuant to Rule
553-10-.01.
1. |
If the licensee is the sole qualifying
agent for a business organization, the business organization shall have 120
days from the date of disaffiliation to submit an application to the Board for
another Qualifying Agent, unless the respective Division receives other
substantiated information that the company is no longer in business. |
2. |
After the passage of the 120 day period,
the business organization shall be placed on inactive status and cease to be
considered licensed as a Residential or General Contracting company until a new
application is approved by the appropriate division. |
|
(c) |
An owner or officer of a licensed
Residential or General Contracting company must notify the Board within 45 days
of the company no longer being in business by submitting a Disaffiliation form,
as established by the Board. A company license shall be placed on inactive
status upon the Board's receipt of such notification pursuant to Rule
553-10-.01. |
|