An application fee collected by the Office of Motor Vehicle under this chapter shall be:
(1) Refunded to the applicant if the application is refused or rejected; or
(2) Refunded to the applicant if the fee was not required to be paid under this chapter.
(3) A refund shall not be issued under subdivision (2)(A) of this section if the applicant fails to submit an application for refund within six (6) months from the date the applicant paid the application fee.