Fees

(1)A person required to file notification shall file on or before June 30th of each year and pay an annual fee of Twenty Dollars ($20.00).

(2)Persons required to file notification who are sellers, lessors or lenders shall pay an additional fee at the time stated in Subsection

(1)of Twenty Dollars ($20.00) for each One Hundred Thousand Dollars ($100,000.00) or part thereof, in excess of One Hundred Thousand Dollars ($100,000.00) of the original unpaid balances arising from consumer credit sales, consumer leases and consumer loans, payable in installments, made within the twelve

(12)months last preceding June 30th and held by the seller, lessor or lender for more than thirty

(30)days after the inception of the sale, lease or loan giving rise to the obligations. A refinancing of a sale, lease or loan resulting in an increase in the amount of an obligation is considered a new sale, lease or loan to the extent of the amount of the increase.

(3)Persons required to file notification who are assignees shall pay an additional fee at the time stated in Subsection

(1)of Twenty Dollars ($20.00) for each One Hundred Thousand Dollars ($100,000.00), or part thereof, in excess of One Hundred Thousand Dollars ($100,000.00), of the unpaid balances at the time of the assignment of obligations arising from consumer credit sales, consumer leases and consumer loans, COL070307 CH. 6 ADMINISTRATION payable in installments taken by assignment within the twelve

(12)months last preceding June 30th; provided, that an assignee need not pay a fee with respect to an obligation on which the assignor or other person has already paid a fee.