Unless a registration for a weight and measure is renewed for a 1–year term, the license expires 1 year from the effective date of the registration. At least 1 month before a registration for a weight and measure expires, the Secretary shall send each person with a known registration, by electronic means or first–class mail to the last known electronic or mailing address of the person, a registration renewal form and a renewal notice that states: The date on which the current registration expires; That the renewal application and fee must be received by the Secretary on or before the registration expiration date; and The amount of the renewal fee. Before a registration for a weight and measure expires, the registration may be renewed for an additional 1–year term, if the applicant: Is the owner or possessor of a weight and measure; Pays the applicable fee as provided in § 11–204.7 of this subtitle; and Submits to the Secretary a renewal application on a form that the Secretary provides. A person who has a registration for a weight and measure has a grace period of 60 days after the registration expires in which to renew the registration retroactively, if the person: Otherwise is entitled to renew the registration; Submits to the Secretary a renewal application on the form required by the Secretary; and Pays to the Secretary the renewal fee and late fee set by the Secretary. The owner or possessor of a weight and measure shall display the registration conspicuously at each place of business where the weight and measure is located. If the weight and measure is sold, transferred, or moved to a new location, the owner or possessor of a weight and measure shall notify the Secretary.