(1) An education reporting form attesting to the successful completion of the continuing education requirement must be submitted to the board by the date set by ARM 24.101.413. Filing of an education reporting form after the renewal date set by ARM 24.101.413, but on or before 45 days following the renewal date, will result in a late penalty fee. No education reporting form will be accepted after 45 days following the renewal date set by ARM 24.101.413.

(2) An incomplete education reporting form of education will not be accepted and will be returned to the licensee. Any form returned to the licensee must be properly completed and resubmitted before the deadline as set by ARM 24.101.413, or the late penalty fee as specified in ARM 24.101.403 will be required.

(3) The board may audit licensees for compliance with continuing education requirements. Audited licensees must provide copies of completion certificates to the board as verification of compliance within 30 days after mailing of the audit request.

(4) Failure to comply with the completion or reporting requirements established by the board is unprofessional conduct and will result in disciplinary action by the board.

(5) Education reporting forms will be mailed to all property management licensees at their last address of record. Failure to receive an education reporting form does not eliminate the reporting requirement. Each licensee is required to annually report continuing education.