In cases in which the renewal application has a minor defect such as where the applicant has failed to sign the application form or to complete it in some minor respect, the applicant shall be deemed to have substantially complied with the requirements for filing renewal applications pending the correction of the discrepancy. In such cases, the administrator shall hold the tendered fee and notify the licensee of the defect in his application form, and shall not issue the renewal license until the insufficiency in the renewal form has been corrected. If after a reasonable time, the licensee has still failed to correct such insufficiency, the administrator may return the tendered fee and such license shall be ipso facto suspended.History: Contractors Lic. Bd. Reg. 3.04, eff 12 Feb 73.