If a provider holds a license or certificate of registration in another state authorizing it to provide debt-management services, the provider may submit a copy of that license or certificate and the application for it instead of an application in the form prescribed by § 47-18-5505(a), § 47-18-5506 or § 47-18-5511(b). The administrator shall accept the application and the license or certificate from the other state as an application for registration as a provider or for renewal of registration as a provider, as appropriate, in this state if:
- The application in the other state contains information substantially similar to or more comprehensive than that required in an application submitted in this state;
- The applicant provides the information required by § 47-18-5506(1), (3), (10), (12) and (13); and
- The applicant, under oath, certifies that the information contained in the application is current or, to the extent it is not current, supplements the application to make the information current.