Administrative fee

(1) An agent that guarantees a price for all merchandise and full performance of all services to be provided pursuant to a preneed burial contract may collect an administrative fee not to exceed fifteen percent (15%) of the total amount of all payments to be paid under the contract. (2) An administrative fee imposed under subsection (1) of this section shall not be collected: (a) More than once for each executed preneed burial contract regardless of whether the contract is transferred to a successor entity; or (b) If the amount to be paid by the purchaser will be paid in installments, until all installments have been paid.