Fleet vehicles are eligible for a multiyear registration period. Except as provided in §§A(2) and (3) of this regulation, the owner of a fleet vehicle may renew a fleet vehicle registration for a period of 2, 3 or 4 years. The following classes of fleet vehicle registrations may be renewed for a period of 1, 2, or 3 years: Class E, trucks with a gross vehicle weight of 10,000 pounds to 54,000 pounds; and Class F, tractors with a gross vehicle weight of up to 54,000 pounds. The following classes of fleet vehicle registrations shall be renewed annually: Class E, trucks with a gross vehicle weight of 55,000 pounds or more; Class F, tractors with a gross vehicle weight of 55,000 pounds or more; Class J, van pool; Class P, passenger buses; and Class T, tow trucks. The annual registration fees are as set forth in Transportation Article, Title 13, Annotated Code of Maryland. Whenever a prorated fee is assessed, the amount shall be calculated by dividing the annual registration fee by the number of months for which the issuance or renewal is made. If a vehicle issued a multiyear fleet registration is sold or traded: The registration plates shall be: Removed from the vehicle and returned to the Administration for cancellation; or Transferred to another vehicle as provided in Transportation Article, §13-502.1, Annotated Code of Maryland. A refund shall be issued as provided in Transportation Article, §13-413, Annotated Code of Maryland.