The board shall set the amount of the fees required to be paid by applicants for licensure and license holders including, but not limited to, the following:
For an application for initial licensure, the fee shall be nonrefundable and shall not exceed Two Hundred Dollars ($200.00);
For renewal of a license, the fee shall not exceed Two Hundred Dollars ($200.00);
For a duplicate or replacement license, the fee shall not exceed Twenty-five Dollars ($25.00);
For failure to renew a license within the allotted grace period pursuant to Section 73-65-9, the fee shall not exceed One Hundred Dollars ($100.00); and
Other reasonable fees for administrative services.
Any increase in the fees charged by the board under this section shall be in accordance with the provisions of Section 41-3-65.