2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 11-209 - Term and renewal of licenses
§11-209.
(a) A license issued before September 30, 1997 expires on the June 30 after its effective date, unless it is renewed on or before June 1 of the year of expiration for an additional term as provided in this section.
(b) A license issued on or after October 1, 1997 expires on December 31 in each odd-numbered year after December 31, 1997, unless it is renewed for a 2-year term as provided in this section.
(c) 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 $1,700; and
(3) Submits to the Commissioner a renewal application on the form that the Commissioner requires.
(d) The Commissioner may waive the requirements of § 11-205(1) and (2) of this subtitle for the renewal of a license.
(e) The Secretary may determine that licenses issued under this subtitle shall expire on a staggered basis.
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