12:82:02:11Processor license approval -- Processor license fee -- License number -- License non-transferable.

The department shall notify a processor license applicant when the application has been approved or denied. Upon notification of approval, the applicant shall remit to the department a license fee in the amount of two thousand dollars. Upon approval and receipt of the processor license fee, the department shall assign the licensee a processor license number and the processor license will be sent to the licensee. The processor license number may not be duplicated or reassigned to any other licensee by the department. A licensee shall retain the same processor number for all subsequent licenses. Licenses are non-transferable.

Source: 47 SDR 75, effective December 28, 2020; 49 SDR 47, effective November 22, 2022.