A. Lessors shall pay an initial investigation and license fee and an annual license renewal fee per place of business, which fees shall accompany the license renewal form. Lessors shall also pay a fee for any returned check, address or license change, or duplicate license request. There shall be a late fee for a late application for renewal of a license received after December 1 of each year. This late fee shall consist of a charge of Ten Dollars ($10.00) per day, for up to thirty (30) days.
B. Lessors shall pay a rental-purchase agreement reviewal fee as prescribed by rule of the Commission on Consumer Credit for any rental-purchase agreement submitted to the Administrator of Consumer Credit for review and approval. The Commission may prescribe by rule a process for submitting rental-purchase agreements to the Administrator for review and approval.
Added by Laws 1988, c. 106, § 4, eff. Nov. 1, 1988. Amended by Laws 2010, c. 415, § 21, eff. July 1, 2010; Laws 2019, c. 107, § 3, eff. Nov. 1, 2019.
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