Home Table of Contents

§ 12-904. Payment with application

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 9. Maryland Debt Management Services Act (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-904
§ 12-904. Payment with application
Currentness
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.

Credits

Added by Acts 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2005, c. 574, § 2, eff. Oct. 1, 2005; Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-904, MD FIN INST § 12-904
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document