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; or4. 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.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.