1. (a) 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.

2. (b)

   1. (1) Except as provided in paragraph (2) of this subsection, 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. (2) A person required to submit a filing in accordance with the exemption granted under § 11-601(16) of this title shall pay a fee of $100 for each filing.

   3. (3) 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:

      1. (i) A fee of $100 for each filing; and
      2. (ii) An additional fee of $150 for each filing made after the filing due date.

3. (c) The Commissioner shall retain the fee, if:

   1. (1) An application to register securities is withdrawn before the effective date;
   2. (2) A notice of the offer or sale of a federal covered security is withdrawn; or
   3. (3) A preeffective stop order is entered under §§ 11-511 through 11-513 of this subtitle.

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1977, c. 341; Acts 1981, c. 775; Acts 1989, c. 533; Acts 1992, c. 620; Acts 1997, c. 613, § 2, eff. Oct. 1, 1997; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 2004, c. 430, § 4, eff. July 1, 2004; Acts 2014, c. 557, § 1, eff. Oct. 1, 2014; Acts 2014, c. 558, § 1, eff. Oct. 1, 2014; Acts 2017, c. 837, § 1, eff. Oct. 1, 2017; Acts 2017, c. 838, § 1, eff. Oct. 1, 2017.

Formerly Art. 32A, § 23.