(1) In every case in which application is made to the department for a dealer license, the department will, within 90 days:

(a) issue a dealer license to the applicant; or

(b) deny a dealer license to the applicant.

(2) An application to renew a dealer license must be received by the department prior to the expiration date of the license. An application not postmarked by the date of expiration will result in expiration of the dealer license.

(3) If the holder of an expired license submits an application to renew his license within 30 days after the expiration date, he may renew the license at the renewal license rate. If the renewal application is not received within 30 days, the holder shall reapply for a new original license in the manner required by these rules.

(4) Replacement of a dealer license is accomplished by following the new license procedure and including a $10 fee.