Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 12-108

  • 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 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.