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§ 11-404. Applications for licenses

MD Fin Inst Code § 11-404 (2019) (N/A)
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(a)    (1)    To apply for a license, an applicant shall:

(i)    Complete, sign, and submit to the Commissioner a completed 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; and

(iii)    Any other pertinent information that the Commissioner requires.

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

(1)    An investigation fee of $100; and

(2)    A license fee of $125.

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

(1)    Submit a separate application; and

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

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§ 11-403. License required; local licenses prohibited; transfer of information to NMLS.
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