Final answer:
If a licensee fails to submit the renewal requirements by September 30th of the final year of the license period, their license lapses.
Step-by-step explanation:
If a licensee fails to submit the renewal requirements by September 30th of the final year of the license period, their license lapses. This means that the license is no longer valid and the licensee would not be able to continue practicing under that license. In order to regain an active license, the individual would need to complete any necessary renewal requirements and go through the appropriate licensing process again.