Section 70D-2-203 - Fees - Examination(1)(a) A person required to register under this part shall pay to the commissioner:(i) a fee of $200 with the person's initial registration; and(ii) 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).(b) The commissioner:(i) subject to Subsection (1)(b)(ii), shall set the annual renewal fee at an amount that generates sufficient revenue to cover the department's costs of administering this chapter; and(ii) may not set an annual renewal fee that exceeds $100 per renewal.(2)(a) 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.(b) A lender, broker, or servicer described in Subsection (2)(a) shall: (i) reimburse the department for travel and other reasonable and necessary costs incurred in the examination described in Subsection (2)(a); and(ii) 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:(a) during the period covered by the fee; or(b) 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.Amended by Chapter 284, 2015 General Session ,§ 29, eff. 5/12/2015.Amended by Chapter 97, 2014 General Session ,§ 17, eff. 5/13/2014.Renumbered and Amended by Chapter 72, 2009 General Session