A contractor's license expires on June 30th. What is the late renewal penalty fee in Hawaii?
Correct Answer
B) $100
The late renewal penalty fee for contractor licenses in Hawaii is $100 in addition to the regular renewal fee.
Why This Is the Correct Answer
According to Hawaii contractor licensing regulations, when a contractor's license expires on June 30th and is renewed late, a penalty fee of $100 is imposed in addition to the regular renewal fee. This late penalty is established by Hawaii's Department of Commerce and Consumer Affairs (DCCA) to encourage timely renewal and maintain compliance with licensing requirements. The $100 penalty applies regardless of how late the renewal is submitted.
Why the Other Options Are Wrong
Option C: $25
$50 is insufficient for Hawaii's contractor license late renewal penalty. While this might seem like a reasonable penalty amount, Hawaii has established a higher fee structure to discourage late renewals and maintain proper licensing compliance among contractors.
Option D: $150
$150 exceeds Hawaii's actual late renewal penalty fee. This amount might be confused with other licensing fees or penalties, but the specific late renewal penalty for contractor licenses in Hawaii is set at a lower amount than this option suggests.
Memory Technique
Remember 'Hawaii Hundred' - the late renewal penalty is $100, like paying an extra hundred dollars for a Hawaiian vacation when you book late.
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