§ 12-108. Licensing -- Applications

MD Fin Inst Code § 12-108 (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 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.

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§ 12-109. Licensing -- Application investigation; approval or denial