§ 11-509. Investigation of applicant; issuance of license

MD Fin Inst Code § 11-509 (2019) (N/A)
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(a)    When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.

(b)    The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.

(c)    The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.