Section 12-904 - Fees.
§ 12-904. Fees.
The Commissioner shall charge:
(1) (i) A fee for the issuance of an initial license under this subtitle in an even-numbered year as follows:
1. $1,000, if the applicant's annual gross revenue is not more than $3,000,000;
2. $2,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000;
3. $4,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000;
4. $6,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
5. $8,000, if the applicant's annual gross revenue is more than $30,000,000; and
(ii) A fee for the issuance of an initial license under this subtitle in an odd-numbered year as follows:
1. $500, if the applicant's annual gross revenue is not more than $3,000,000;
2. $1,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000;
3. $2,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000;
4. $3,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
5. $4,000, if the applicant's annual gross revenue is more than $30,000,000;
(2) A fee for renewal of a license issued under this subtitle as follows:
(i) $1,000, if the applicant's annual gross revenue is not more than $3,000,000;
(ii) $2,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000;
(iii) $4,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000;
(iv) $6,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
(v) $8,000, if the applicant's annual gross revenue is more than $30,000,000;
(3) A fee of $100, for each location in the State at which a licensee provides debt management services under this subtitle, payable at the time of application for an initial license and at each renewal of a license; and
(4) A fee of $1,000, for an investigation of an applicant under this subtitle, payable at the time of application for an initial license.
[2003, chs. 374, 375; 2005, ch. 574, § 2.]