Section 1-206 - Late fees(a) A person who must have a license issued by the Department under this article but does not get the license on time shall pay, in addition to the required license fee, a late fee.(b) The late fee shall be the sum of:(1) up to 20% of the required license fee for the calendar month following the calendar month when the required license fee is due; and(2) up to 4% of the required license fee for each calendar month or part of a month after that.