LegalFix
Sign In

§ 7-306. Licenses -- Term; renewal; expiration.

MD Bus Reg Code § 7-306 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    An initial license term shall:

(1)    begin on the date the license is issued; and

(2)    expire on December 31 of the year:

(i)    in which the license is issued, if the license is issued before November 1; or

(ii)    immediately following the year in which the license is issued, if the license is issued on or after November 1.

(b)    On or after November 1 of the year in which a license expires, the license may be renewed for an additional 1–year term, if the licensee:

(1)    is otherwise entitled to be licensed;

(2)    pays to the Board a nonrefundable renewal fee set by the Board;

(3)    submits a renewal application in the form and in accordance with the process that the Board requires; and

(4)    files as part of the application a surety bond as required under § 7–304 of this subtitle.

(c)    To the extent required or permitted by NMLS, the Board may determine that licenses issued under this subtitle shall expire on a staggered basis.

(d)    A licensee may not renew a license unless, before the submission of the license renewal application, the licensee has transferred the licensee’s licensing information to NMLS in accordance with § 7–301(d) of this subtitle.

Previous Section
§ 7-305. Scope of license; multiple licenses authorized
Next Section
§ 7-307. Surrender of license