Bill number does not exist. Enter a vaild keyword.

Statutes Text

Article - Financial Institutions


    (a)    (1)    To apply for a license, an applicant shall:

            (i)    Complete, sign, and submit to the Commissioner an application made under oath in the form, and in accordance with the process, that the Commissioner requires; and

            (ii)    Provide all the information that the Commissioner requests.

        (2)    The application shall include:

            (i)    The applicant’s name, the applicant’s principal executive office address, and, if the applicant is not an individual, the name and residence address of each control person;

            (ii)    The address of each branch location, if any;

            (iii)    If the license is for a mobile unit, the vehicle identification number of the mobile unit and the geographic area in which the mobile unit will be operating; and

            (iv)    Any other information that the Commissioner requires for an investigation and findings under § 12–109 of this subtitle.

    (b)    With the application, the applicant shall pay to the Commissioner:

        (1)    An investigation fee of $100; and

        (2)    A license fee of $500.

    (c)    For the principal executive office, each branch location, and each mobile unit license for which an applicant applies, the applicant shall:

        (1)    Submit a separate application; and

        (2)    Pay a separate investigation fee and license fee.

Click to return on the top page