Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 12. MISCELLANEOUS INSTITUTIONS AND ACTIVITIES |
SUBTITLE 1. CHECK CASHING SERVICES |
§ 12-108. Licensing -- Applications
Latest version.
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(a) Requirements. --
(1) To apply for a license, an applicant shall submit to the Commissioner an application on the form that the Commissioner requires.
(2) The application shall include:
(i) The applicant's name and address and, if the applicant is not an individual, the names and addresses of each:
1. Owner who owns 5% or more of the entity; and
2. Officer, director, or principal of the entity;
(ii) 1. The address at which check cashing services will be provided; or
2. If the license is for a mobile unit, the vehicle identification number of the mobile unit and the geographic area in which the mobile unit will be operating; and
(iii) Any other information that the Commissioner requires for an investigation and findings under § 12-109 of this subtitle.
(b) Fees. -- With the application, the applicant shall pay to the Commissioner:
(1) An investigation fee of $ 100; and
(2) A license fee of:
(i) $ 1,000 if the applicant applies for a license to be issued on or after January 1 and on or before December 31 of an even-numbered year; or
(ii) $ 500 if the applicant applies for a license to be issued on or after January 1 and on or before December 31 of an odd-numbered year.
(c) More than one license. --
(1) Subject to the provisions of paragraph (2) of this subsection, if an applicant applies for more than one license, as to each license the applicant shall:
(i) Submit a separate application; and
(ii) Pay a separate investigation fee and license fee.
(2) An applicant that applies for more than one license is not required to provide fingerprints for a criminal history records check for more than one application.