§ 11-404

Maryland § 11-404

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 11

Text

(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.