36-10B-9. License renewal. A license may be renewed upon payment of the renewal fee, documentation and the successful completion of at least fifteen hours of continuing education annually or an accumulation of a total of seventy-five hours of continuing education during a five-year period. The board may set the requirements for the continuing education by rules promulgated pursuant to chapter 1-26. A late fee will be required for renewal applications received thirty days after the annual renewal date.