(1) Licenses issued under Title 32, chapter 9, part 1, MCA, expire December 31. Licensees shall submit their renewal applications by December 1 of each year to ensure issuance of the license to qualified renewal applicants by January 1 of the following year. The renewal fees for the license period January 1 through December 31 are:

(a) Mortgage Broker Entity, $500.00, (except as provided in 32-9-117(1)(b), MCA);

(b) Mortgage Broker Branch, $250.00;

(c) Mortgage Lender Entity, $750.00;

(d) Mortgage Lender Branch, $250.00;

(e) Mortgage Loan Originator, $400.00;

(f) Mortgage Servicer Entity, $750.00;

(g) Mortgage Servicer Branch, $250.00.

(2) The renewal fees listed in (1) are reduced by 75 percent for 2019. This section sunsets on March 1, 2019.