(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.