What is the required fee for renewing a license that is 90 days or less late?

The correct choice reflects the regulations regarding the renewal of a license that is late by a specific period. When a license is renewed within 90 days or less after its expiration, it does not require the standard renewal fee but instead incurs a penalty.

This penalty is set as one and a half times the standard renewal fee, acknowledging the importance of maintaining current licensing while also imposing a financial consequence for the delay. This structured fee system is designed to encourage timely renewals and ensure that professionals stay compliant with licensing requirements. Therefore, the additional fee acts as both a deterrent against procrastination and a method to facilitate the administrative costs of processing late renewals.

In contrast, options that suggest higher multiples of the standard fee pertain to more severe lapses in renewal, signaling that continued non-compliance carries progressively higher financial penalties.