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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 12. MISCELLANEOUS INSTITUTIONS AND ACTIVITIES |
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SUBTITLE 1. CHECK CASHING SERVICES |
§ 12-111. Licensing -- Expiration and renewal
Latest version.
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(a) Expiration. -- A license expires on December 31 in each odd-numbered year unless it is renewed for a 2-year term as provided in this section.
(b) Renewal. -- 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 $ 1,000; and
(3) Submits to the Commissioner a renewal application on the form that the Commissioner requires.
(c) Applicability of § 12-106. -- The Commissioner shall determine if the requirements of § 12-106 of this subtitle to qualify for a license continue to apply.
(d) Expiration on staggered basis. -- The Commissioner may determine that licenses issued under this subtitle shall expire on a staggered basis.