Md. Code, Fin. Inst. § 11-404

Current with changes from the 2024 Legislative Session
Section 11-404 - Applications for licenses
(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 legal name and any trade name used by the applicant in accordance with § 2-121 of this article;
(ii) The applicant's principal executive office address;
(iii) If the applicant is not an individual, the name and residence address of each control person;
(iv) The address of each additional location, if any, that:
1. The general public may reasonably view as a location that does business as a sales finance company, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
2. Houses any core operational infrastructure or technology systems;
3. Conducts any core management, information security and technology, risk and compliance, or finance functions; or
4. Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and
(v) 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.

Md. Code, FI § 11-404

Amended by 2023 Md. Laws, Ch. 567, Sec. 1, eff. 7/1/2023.
Amended by 2017 Md. Laws, Ch. 253, Sec. 1, eff. 7/1/2017.