What does AFS do upon receiving the annual renewal and late filing fees?

The correct selection is indicated by the need for verification before any action is taken regarding the annual renewal and late filing fees. When AFS receives these fees, it does not simply process the renewal automatically; instead, it conducts a thorough verification to ensure that all applicable requirements have been met. This can include confirming that the necessary documentation is in order and that the individual complies with relevant regulations or standards.

This verification process is crucial as it ensures that only those who meet all necessary conditions are allowed to continue operating under the certificate. Such a step helps maintain compliance and safety within the industry.

In contrast, options such as immediately renewing the certificate or notifying the individual of payment status suggest actions that could take place without confirming the prerequisite requirements. Furthermore, while updating records for future renewals is an important administrative task, it would not happen prior to the verification of the current requirements being satisfied.