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What is the cost for obtaining a replacement license?

  1. $50

  2. $10

  3. $5

  4. $25

The correct answer is: $5

The cost for obtaining a replacement license is indeed set at $5. This fee is established as part of the regulatory framework to facilitate the replacement of lost, stolen, or damaged licenses without imposing a significant financial burden on the licensee. Such an affordable fee ensures that individuals can maintain compliance and continue their operations without delays due to licensing issues. Understanding the specific fee structure is essential for individuals preparing for licensing exams, as it can reflect on operational budgeting and planning related to compliance with regulatory requirements.