What happens if the renewal fee is not paid within the late renewal period?

When the renewal fee is not paid within the designated late renewal period, a penalty is typically applied for each month of delay. This approach serves as an incentive for timely renewal while acknowledging that some individuals may miss the deadline. The penalties can accumulate, increasing the cost of renewal and encouraging registrants to stay current with their fees.

The other options, while they may highlight the consequences of failing to renew, do not accurately represent the typical process for late renewals. Permanent revocation of registration is a much more severe action than simply applying penalties and usually occurs only after repeated failures to comply with renewal requirements. Losing all credentials suggests a complete forfeiture rather than a structured process that allows for penalties. Automatic renewal is not standard procedure and would undermine the responsibility of maintaining active status through timely payment. Thus, the application of penalties for delay is the correct understanding of the process regarding late renewal fees.