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What is the penalty for filing the annual report late?

April 26, 2017annual report filing late penalty

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What is the penalty for filing the annual report late?

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If the filing of the annual report is late, you may be subject to a late penalty of $50 for each day the annual report filing is late. The Division of Banking MUST have report information on ALL licensees in order to properly assess and bill all licensees. Therefore, the Division may act to suspend or revoke the license(s) of a licensee that continues to fail to file its required report.