Md. Code, Fin. Inst. § 12-904

Current with changes from the 2024 Legislative Session
Section 12-904 - Fees

With the license application, the applicant shall pay to the Commissioner:

(1) A nonrefundable investigation fee of $1,000 for an initial license; and
(2) A license fee for an initial license or a license renewal for an additional 1-year term, as follows:
(i) $500, if the applicant's annual gross revenue is not more than $3,000,000;
(ii) $1,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000;
(iii) $2,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000;
(iv) $3,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
(v) $4,000, if the applicant's annual gross revenue is more than $30,000,000.

Md. Code, FI § 12-904

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.