How many days does a licensee have to notify the Registrar of disassociation with their qualifying party?

A licensee is required to notify the Registrar of their disassociation from a qualifying party within 15 days. This timeframe is established to ensure that licensing records remain current and accurate, thereby maintaining public trust and accountability in the licensing process. Prompt notification allows the Registrar to assess the impact of the disassociation on the business's operations and compliance with state regulations.

Understanding the importance of this timeframe is critical, as it enforces the necessity of timely communication in the licensing landscape. Maintaining proper reporting practices helps safeguard the integrity of the licensing system and ensures that all parties involved are aware of any changes that could affect their business relationships, legal obligations, or qualification status.