70D-2-203. Fees -- Examination.
(1) A person required to register under this part shall pay to the commissioner: a fee of $200 with the person's initial registration; and an annual fee, on or before December 31 of each year, in an amount to be set by rule of the commissioner subject to Subsection. (1)(b) The commissioner: subject to Subsection, shall set the annual renewal fee at an amount that generates sufficient revenue to cover the department's costs of administering this chapter; and (1)(b)(ii) may not set an annual renewal fee that exceeds $100 per renewal.
(2) The commissioner may require a lender, broker, or servicer to make a record of the lender, broker, or servicer relating to its activities as a lender, broker, or servicer available to the commissioner or the commissioner's authorized representative for examination. A lender, broker, or servicer described in Subsectionshall: (2)(a) reimburse the department for travel and other reasonable and necessary costs incurred in the examination described in Subsection; and (2)(a) pay to the commissioner a fee set by the commissioner based on an hourly rate per each examiner, not to exceed $55 per hour for each examiner.
(3) No portion of a fee paid or owed to the commissioner under this section is refundable because a person voluntarily or involuntarily ceases to do business as a lender, broker, or servicer: during the period covered by the fee; or before the time of an examination by the commissioner of a record pertaining to a transaction preceding the day on which the person ceases to do business as a lender, broker, or servicer.