§ 11-506. Filing fee

   (a) In general. -- Except as provided in § 11-510.1 of this subtitle, a person filing an application to register securities shall pay a fee of 0.1 percent of the maximum aggregate offering price at which the securities are to be offered in this State, but the fee may not be less than $ 500 or more than $ 1,500.

(b) Filing in accordance with exemption; notice regarding federal covered securities. --

   (1) A person required to submit a filing in accordance with an exemption granted under this title shall pay a fee of $ 400 for each filing.

   (2) A person required to submit a notice of the offer or sale of federal covered securities under § 11-503.1(c) of this subtitle shall pay a fee of $ 100 for each filing.

(c) Retention of fee by Commission. -- The Commissioner shall retain the fee, if:

   (1) An application to register securities is withdrawn before the effective date;

   (2) A notice of the offer or sale of a federal covered security is withdrawn; or

   (3) A preeffective stop order is entered under § 11-511 through 11-513 of this subtitle.

HISTORY: An. Code 1957, art. 32A, § 23; 1975, ch. 311, § 2; 1977, ch. 341; 1981, ch. 775; 1989, ch. 533; 1992, ch. 620; 1997, ch. 613, § 2; 1998, ch. 21, § 1; 2004, ch. 430, § 4.