Relating to licensing commercial registered agents; prescribing an effective date.

Requires person to obtain or renew license from Secretary of State in order to serve as commercial registered agent in this state. Specifies application requirements and requires Secretary of State to issue license unless Secretary of State makes certain findings. Requires nonrefundable processing fee of $500 for each location at which person will receive service of process on behalf of another person. Provides that license expires at end of each calendar year. Permits licensee to update information licensee submitted in application at any time, but requires licensee to update certain information by specific date. Requires licensee to notify person for which licensee accepts service of process when licensee updates information. Permits licensee to terminate license at any time with notice to persons for which licensee accepts service of process. Specifies duties of, and prohibits certain conduct by, licensee. Enables Secretary of State to examine licensee's books, papers and records to enforce provisions of Act and to revoke licensee's license or order licensee to remove principal owner, member, director or manager under certain circumstances. Becomes operative January 1, 2018. Takes effect on 91st day after adjournment sine die.