Maryland Financial Institutions Section 12-108

Article - Financial Institutions

§ 12-108.

      (a)      (1)      To apply for a license, an applicant shall submit to the Commissioner an application on the form that the Commissioner requires.

            (2)      The application shall include:

                  (i)      The applicant's name and address and, if the applicant is not an individual, the names and addresses of each:

                        1.      Owner who owns 5% or more of the entity; and

                        2.      Officer, director, or principal of the entity;

                  (ii)      1.      The address at which check cashing services will be provided; or

                        2.      If the license is for a mobile unit, the vehicle identification number of the mobile unit and the geographic area in which the mobile unit will be operating; and

                  (iii)      Any other information that the Commissioner requires for an investigation and findings under § 12-109 of this subtitle.

      (b)      With the application, the applicant shall pay to the Commissioner:

            (1)      An investigation fee of $100; and

            (2)      A license fee of:

                  (i)      $1,000 if the applicant applies for a license to be issued on or after January 1 and on or before December 31 of an even-numbered year; or

                  (ii)      $500 if the applicant applies for a license to be issued on or after January 1 and on or before December 31 of an odd-numbered year.

      (c)      (1)      Subject to the provisions of paragraph (2) of this subsection, if an applicant applies for more than one license, as to each license the applicant shall:

                  (i)      Submit a separate application; and

                  (ii)      Pay a separate investigation fee and license fee.

            (2)      An applicant that applies for more than one license is not required to provide fingerprints for a criminal history records check for more than one application.



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