Maryland Financial Institutions Section 12-210
§ 12-210.
  (a)   A permit expires on the second anniversary of its effective date, unless the permit is renewed for a 2-year term as provided in this section.
  (b)   Before its permit expires, the foreign banking corporation may renew the permit for additional 2-year terms if the foreign banking corporation:
    (1)   At least 30 days before its permit expires:
      (i)   Submits to the Commissioner a renewal application on the form that the Commissioner requires; and
      (ii)   Pays to the Commissioner the renewal fee set by the Commissioner; and
    (2)   Meets the requirements for issuance of a permit under § 12-209 of this subtitle.
  (c)   The Commissioner shall renew the permit of each foreign banking corporation that meets the requirements of this section.