Maryland Financial Institutions Section 11-506.1

      (a)      This section shall not apply to any corporation the securities of which are exempt from registration under § 11-601(8) or (12) of the Corporations and Associations Article.

      (b)      In connection with an initial application and at any other time the Commissioner requests, each applicant or licensee shall provide fingerprints for use by the Federal Bureau of Investigation and the Criminal Justice Information System Central Repository of the Department of Public Safety and Correctional Services to conduct criminal history records checks.

      (c)      Any applicant or licensee required by this section to provide fingerprints, shall pay any processing or other fee required by the Federal Bureau of Investigation or the Criminal Justice Information System Central Repository of the Department of Public Safety and Correctional Services.

      (d)      If the applicant or licensee is a corporation, the fingerprinting and criminal history records check requirements shall apply to the president and to any other officer, director, or principal of the corporation as requested by the Commissioner.