Md. Code, Financial Institutions § 12-904
This is the official text of Md. Code, Financial Institutions § 12-904, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–904.
Official statutory text
With the license application, the applicant shall pay to the Commissioner:
(1) A nonrefundable investigation fee of $1,000 for an initial license; and
(2) A license fee for an initial license or a license renewal for an additional 1–year term, as follows:
(i) $500, if the applicant’s annual gross revenue is not more than $3,000,000;
(ii) $1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;
(iii) $2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;
(iv) $3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
(v) $4,000, if the applicant’s annual gross revenue is more than $30,000,000.
(1) A nonrefundable investigation fee of $1,000 for an initial license; and
(2) A license fee for an initial license or a license renewal for an additional 1–year term, as follows:
(i) $500, if the applicant’s annual gross revenue is not more than $3,000,000;
(ii) $1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;
(iii) $2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;
(iv) $3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
(v) $4,000, if the applicant’s annual gross revenue is more than $30,000,000.
Status: in_force · Read it on the official government site
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