Payable Monthly, Quarterly, or Lump Sum
The Annual Participation Fee and one-time New Participant Processing Fee is non-refundable
The Annual Participation Fee is due one year from the date of acceptance in MITC. MITC participation is annual and ends exactly one-year from acceptance. If a firm does not pay their annual dues within five (5) days of its due date – regardless of the terms of payment (monthly, quarterly, or annual renewal), there is no pro-rating of their participation and the new participation will expire, exactly, one year after the previous participation expired.
Failure to pay dues is grounds for immediate dismissal from MITC.
MITC reserves the right to not renew the participation of any firm.
NEW PARTICIPANT PROCESSING FEE
Each New participant is assessed a one-time $50 Processing fee. This fee is not assessed to existing or renewing participants. Firms whose participation has lapsed for more than six (6) months will be assessed the New participant Processing Fee.
Annual Participation Fee does not include a one-time $50 New Participant processing fee. The New Participant Processing Fee is due with submission of Annual Participation Fee.