36-29-15. Forfeiture of license by failure to renew--Restoration--Limitation--Continuing education. Failure of a licensee to renew a license on or before the first day of July of the year of expiration constitutes a forfeiture of the license. Any person who has forfeited a license under this chapter may have it restored by making written application and by payment of the renewal fee for the current term. However, late renewal of a license may not be granted more than five years after its expiration. The board may establish, pursuant to § 36-29-14, additional continuing education requirements for late license renewals.