1. A. An abstract license shall be issued by the State Auditor and Inspector to an applicant who:

   1. 1. is eighteen (18) years of age or older; and
   2. 2. is of good moral character; and
   3. 3. has not been convicted of a felony or crime of moral turpitude in this state, another state, or a federal court; and
   4. 4. has passed a test for abstractors required by the State Auditor and Inspector.
2. B. Each abstract license shall be valid for one (1) year. The State Auditor and Inspector shall set the fees for an abstract license and for renewal not to exceed Fifty Dollars ($50.00).

Laws 1984, HB 1805, c. 163, § 16, eff. November 1, 1984.