12. The security required of the applicant for a collection agent’s permit is established as follows:(a) $10,000 where the total amount collected during the preceding fiscal period is less than $100,000;
(b) $15,000 where the total amount is $100,000 or more, but less than $150,000;
(c) $20,000 where the total amount is $150,000 or more, but less than $250,000;
(d) $25,000 where the total amount is $250,000 or more.