A. The initial application fee for each appraisal management company shall not exceed one thousand five hundred dollars ($1,500).

B. The renewal application fee for each appraisal management company shall not exceed one thousand five hundred dollars ($1,500).

C. Late fees are assessed at fifty dollars ($50) per month or partial month from the appraisal management company's expiration date or when the appraisal management company national registry fees are delinquent.

D. A criminal history report fee not to exceed fifty dollars ($50) must be paid by the appraisal management company for each person owning more than ten (10%) percent of the appraisal management company. The amount to be paid is included on the criminal history report authorization form.

E. The Appraisal Management Company National Registry Fee of twenty-five dollars ($25) is calculated according to Section V (A) (B) (1) and (2) of these rules.