FightinMike: There’s a date on the slip from the DMV that says you have until a certain date to turn in the plates, or pay 8 dollars a day from the date the lapse occured to avoid the suspension. It’s usually a 30 day grace period. You should be fine if you just recieved the notice. Also, you can’t register the vehicle until you either pay the fine , or wait out the lapse, which is however long the lapse was.
Adictd2boost: You have to renew the plates and pay the registration for them if you wanna keep the plates. You then have to turn them in and pay the $1 fee it costs to store them. Once you store them, you will get a refund for the amount of the registration since the vehicle is technically off the road.