(a) (1) Subject to paragraph (2) of this subsection, a transient vendor shall pay the following license fee to a county before beginning business in the county:

(i) a minimum of $1,000, which shall cover a period of up to 1 month from the date the transient vendor actually obtains the license and may legally proceed with business; and

(ii) $500 for each additional month or portion of a month.

(2) The license fee payable under this section may not exceed $3,500.

(b) The applicant for a transient vendor license shall deposit with the county cash in an amount equal to the full amount of the applicable license fee based on the estimated time that the license will be required.