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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) All applications for licenses shall be accompanied by the appropriate fees in accordance with the schedule set out in this subchapter.
(b) In the event any application is denied and the license applied for is not issued, the entire license fee shall be returned to the applicant.
(c) The schedule of license fees to be charged and received by the Arkansas Motor Vehicle Commission for the licenses issued under this subchapter shall be as follows:
(1) For each manufacturer, distributor, factory branch and division, or distributor branch and division, second-stage manufacturer, importer, and converter, nine hundred dollars ($900);
(2) For each motor vehicle dealer or motor vehicle lessor, one hundred dollars ($100);
(3) For each manufacturer, distributor, or factory representative, four hundred dollars ($400);
(4) For each branch location, twenty-five dollars ($25.00); and
(5) For each replacement certificate of license, ten dollars ($10.00).
(d)(1) A person, firm, or corporation required to be licensed under this subchapter that fails to make application for the license at the time required shall pay a penalty of fifty percent (50%) of the amount of the license fee for each thirty (30) days of default, in addition to the fees required to be paid under subsection (c) of this section.
(2) The penalty under subdivision (d)(1) of this section may be waived, in whole or in part, within the discretion of the commission.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-112-303. Application fees - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-112-303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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