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§ 11-612.1. Fees

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

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 6. Mortgage Loan Originators (Refs & Annos)
Effective: July 1, 2023
MD Code, Financial Institutions, § 11-612.1
§ 11-612.1. Fees
Currentness
Fees set by regulation
(a) The Commissioner shall set by regulation the fees provided for in this subtitle.
Fees to cover actual direct and indirect costs of regulating licensees
(b) The fees established by the Commissioner under this section shall be reasonable and set in a manner that will produce funds sufficient to cover the actual direct and indirect costs of regulating licensees in accordance with the provisions of this subtitle.
Fee schedule
(c) The Commissioner shall publish the fee schedule set by the Commissioner.
Revenue
(d) All revenue received for the licensing and assessment of persons under this subtitle and any other fee or revenue the Commissioner receives under this subtitle shall be:
(1) Credited to the Fund; and
(2) Used in accordance with § 2-120(d) of this article.
Assessments
(e) Subject to § 2-120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.

Credits

Added by Acts 2008, c. 7, § 2, eff. June 1, 2008; Acts 2008, c. 8, § 2, eff. June 1, 2008. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 11-612.1, MD FIN INST § 11-612.1
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.
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