2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 12-111 - Licensing -- Expiration and renewal
§12-111.
(a) A license expires on December 31 in each odd-numbered year unless it is renewed for a 2-year term as provided in this section.
(b) On or before December 1 of the year of expiration, a license may be renewed for an additional 2-year term, if the licensee:
(1) Otherwise is entitled to be licensed;
(2) Pays to the Commissioner a renewal fee of $1,000; and
(3) Submits to the Commissioner a renewal application on the form that the Commissioner requires.
(c) The Commissioner shall determine if the requirements of § 12-106 of this subtitle to qualify for a license continue to apply.
(d) The Commissioner may determine that licenses issued under this subtitle shall expire on a staggered basis.
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