Animal holding facility licenses shall be valid from the date of issuance for a period of one calendar year. The licensee must apply to the Department for renewal. Application for renewal, accompanied by the annual animal holding facility license fee, shall be made not less than thirty (30) days before the expiration date without penalty. Failure to make timely application for an initial license or for renewal of a license shall result in the assessment by the Department of a penalty of fifty percent (50%) in addition to the full annual license fee. The Director, upon receipt of an application for renewal of a license, shall conduct an inspection of the licensed establishment and shall determine whether it continues to comply with the provisions of this Subtitle.