Sec. 17. 32 MRSA §10405, sub-§2, as amended by PL 1993, c. 410, Pt. K, §5, is further amended to read:

2. Fees. A person filing a registration statement must pay a filing fee of $500 for each security offered, except that for a registration statement filed under section 10404 for an offering for which the total amount raised in state and out of state does not exceed $1,000,000, the filing fee is $300 for each security offered. When a registration statement is withdrawn before the effective date or abandoned pursuant to section 10406, subsection 5 or a preeffective stop order is entered under section 10406, the administrator retains the fee.

Sec. 18. 32 MRSA §10406, sub-§5 is enacted to read:

5.__Abandonment of filing.__A registration statement that is pending effectiveness may be considered abandoned if the administrator has not received a response to inquiries or deficiency notices for a period of at least 120 days.__The administrator shall send an abandonment notice to the last known address of the filer.__The filer must respond to the abandonment notice within 30 days to avoid an abandonment determination.__The abandonment of a registration statement does not preclude the filing of a subsequent registration statement.

Sec. 19. 32 MRSA §10502, sub-§§8 and 9 are enacted to read:

8.__Abandonment of exemption or notice filing.__An exemption filing or notice filing required pursuant to this section may be considered abandoned if the administrator has not received a response to inquiries or deficiency notices for a period of at least 120 days.__The administrator shall send an abandonment notice to the last known address of the filer.__The filer must respond to the abandonment notice within 30 days to avoid an abandonment determination.__The abandonment of a filing does not preclude the filing of a subsequent exemption filing or notice filing.

9.__Fees nonrefundable.__If an exemption filing or notice filing is withdrawn, abandoned, denied or revoked, the administrator shall retain the fee paid.