Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-404

  • Oath: A promise to tell the truth.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(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.