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Statutes Text

Article - Financial Institutions




§12–904.

    With the license application, the applicant shall pay to the Commissioner:

        (1)    A nonrefundable investigation fee of $1,000 for an initial license; and

        (2)    A license fee for an initial license or a license renewal for an additional 1–year term, as follows:

            (i)    $500, if the applicant’s annual gross revenue is not more than $3,000,000;

            (ii)    $1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;

            (iii)    $2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;

            (iv)    $3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or

            (v)    $4,000, if the applicant’s annual gross revenue is more than $30,000,000.



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