By regulation, the Secretary shall stagger the terms of the licenses. Unless a license is renewed for a 3–year term as provided in this section, the license expires on the day that the Secretary sets. At least 1 month before a license expires, the Secretary shall electronically transmit to the licensee a notice that states: the date on which the current license expires; that the Secretary must receive the renewal application and the statements required under § 13–309 of this subtitle, at least 15 days before the license expiration date, for the renewal to be issued and mailed before the license expires; the amount of the renewal fee; that, if the statements required under § 13–309 of this subtitle are not received at least 15 days before the license expiration date, a fee of $10 per day shall be charged against the licensee until the statements are received; and that the submission of a false statement in the renewal application or in the annual statements is cause for revocation of the license. A licensee periodically may renew the license for an additional 3–year term, if the licensee: otherwise is entitled to be licensed; pays to the Secretary in a method approved by the Secretary: a renewal fee of: $200, if the licensee is an individual; or $400, if the licensee is a firm; and any late fee required under § 13–309 of this subtitle; and submits to the Secretary: a renewal application in the manner and format designated by the Secretary; and the statements required under § 13–309 of this subtitle. The Secretary shall renew the license of each licensee who meets the requirements of this section.