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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.

12. The security required of the applicant 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.