§ 11-604. License applications
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2016
Effective: July 1, 2016
MD Code, Financial Institutions, § 11-604
§ 11-604. License applications
(a)(1) To apply for a license, an applicant shall:
(b) With each application, the applicant shall pay to the Commissioner:
(c) In addition to the license fee required under subsection (b)(2) of this section, an applicant for an initial license shall pay to the Nationwide Mortgage Licensing System and Registry any fees that the Nationwide Mortgage Licensing System and Registry imposes in connection with the application.
(d) In connection with an initial application for a license under this section and at any other time the Commissioner requests, an applicant or licensee shall provide to the Nationwide Mortgage Licensing System and Registry information concerning the applicant's identity, including:
(e) To implement this subtitle, the Commissioner may use the Nationwide Mortgage Licensing System and Registry as a channeling agent to request information from and distribute information to the Department of Justice, any other governmental agency with subject matter jurisdiction, and any other state licensing entity that has loan originators registered with the Nationwide Mortgage Licensing System and Registry.
(f) An applicant or licensee who is required to provide fingerprints under subsection (d) of this section shall pay any processing or other fees required by the Federal Bureau of Investigation and the Nationwide Mortgage Licensing System and Registry.
(g) The Commissioner may request from the Federal Bureau of Investigation or the Nationwide Mortgage Licensing System and Registry, as applicable, for each applicant or licensee who is required to provide fingerprints under subsection (d) of this section:
Credits
Added as Financial Institutions § 11-606 by Acts 2005, c. 590, § 1, eff. Oct. 1, 2005. Amended by Acts 2008, c. 7, § 2, eff. June 1, 2008; Acts 2008, c. 8, § 2, eff. June 1, 2008. Renumbered as Financial Institutions § 11-604 and amended by Acts 2009, c. 4, § 1, eff. July 1, 2009. Amended by Acts 2009, c. 60, § 5, eff. April 14, 2009; Acts 2011, c. 148, § 1, eff. Oct. 1, 2011; Acts 2012, c. 254, § 1, eff. July 1, 2012; Acts 2016, c. 340, § 1, eff. July 1, 2016.
MD Code, Financial Institutions, § 11-604, MD FIN INST § 11-604
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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