Each application shall be accompanied by an application fee of five hundred dollars to be submitted at the time the letter of intent is filed. The division shall remit all application fees to the State Treasurer for credit to the Professional and Occupational Credentialing Cash Fund. The application fee shall not be refundable, but the director may waive all or part of the fee if he or she finds it to be in the public interest to do so. Such a finding by the director may include, but shall not be limited to, circumstances in which the director determines that the application would be eligible for review and:
(1) The applicant group is an agency of state government;
(2) Members of the applicant group will not be materially affected by the implementation of the proposed regulation or change in scope of practice; or
(3) Payment of the application fee would impose unreasonable hardship on members of the applicant group.