32-7-110. Fees. (1) (a) An applicant for licensure shall pay an initial license fee of $350.
     (b) Licenses expire annually on June 30. A licensee shall, on or before June 1, pay an annual license renewal fee of $100. A licensee's failure to pay the annual license renewal fee within the time prescribed results in an automatic revocation of the license.
     (c) A licensee may be charged an examination fee based on the actual costs of the examination.
     (2) All fees collected by the department for the licensure and examination of escrow businesses must be paid to the state treasurer to the credit of the state special revenue fund for use by the department in its licensure and examination functions under this part.

     History: En. Sec. 11, Ch. 651, L. 1989; amd. Sec. 2, Ch. 65, L. 2003.