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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 11. CONSUMER CREDIT |
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SUBTITLE 4. SALES FINANCE COMPANIES -- LICENSING PROVISIONS |
§ 11-406. Investigation expenses; other payments prohibited
Latest version.
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(a) Applicant to pay certain expenses. -- In addition to the investigation fee required by § 11-404 of this subtitle, if an applicant applies for a license for a place of business that is located outside of this State, the applicant shall pay to the Commissioner, on presentation by the Commissioner of a detailed account, the reasonable travel and living expenses incurred on account of the investigation.
(b) Other payments prohibited. -- Except for the payments required by this section, the applicant may not offer or pay and the examiner may not solicit or accept any payment with regard to the investigation.