1. (1) An application for a collection license as a collection service shall be accompanied by a non- refundable fee of one hundred fifty dollars ($150.00).
2. (2) The Board shall grant a collection service license to qualified applicants upon receipt of six hundred dollars ($600.00), which shall not be prorated for any portion of the year.
3. (3) Application for renewal of a collection service license shall be accompanied by a fee of three hundred and fifty dollars ($350.00).
4. (4) All licensees shall be subject to late renewal for a period of sixty (60) days following their expiration date by payment of the prescribed fee plus a penalty of one hundred dollars ($100.00).

Authority: T.C.A. §§ 62-20-104, 62-20-106, 62-20-109, and 62-20-112; Public Acts of 1989, Chapter 523 §§ 166 through 173; and Public Acts of 1990, Chapter 1026, § 10. Administrative History: Original rule filed July 14, 1989; effective August 28, 1989. Amendment filed November 9, 1990; effective December 24, 1990. Emergency rule filed September 23, 2011; effective through March 21, 2012. Emergency rule expired effective March 22, 2012, and the rule reverted to its previous status. Amendment filed March 22, 2012; effective June 20, 2012. Amendment filed August 11, 2015; effective November 9, 2015. Amendments filed August 1, 2022; effective October 30, 2022.