1. The license fee for a license to engage in the business of leasing vehicles in this state is thirty dollars for a two- year license, sixty dollars for a four-year license, and ninety dollars for a six-year license, to be paid at the time the application for a license is filed. If the application is denied, the amount of the fee shall be refunded to the applicant.
2. A license is valid for two years, four years, or six years and expires on the last day of the last month of the two-year, four-year, or six-year period, as applicable.
[C71, 73, 75, 77, 79, 81, § 321F.4]
92 Acts, ch 1175, § 6
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