What penalty do you incur per month for letting your license expire subsequently after 2 months?

In the context of Tennessee timeshare law, the penalty for allowing your license to expire after a two-month grace period is specifically set at $100 per month. This monetary penalty is part of the regulations aimed at reinforcing the importance of maintaining an active and valid license for practicing in the timeshare industry. Therefore, the selection of $100 underscores the financial implications of not renewing your license timely, effectively encouraging professionals to stay compliant with licensing requirements. This setup ensures that individuals are aware of the costs associated with lapses in their licensure, promoting better adherence to regulatory standards.