§ 11-507
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§11–507.
(1)To apply for a license, an applicant shall:
(i)Complete, sign, and submit to the Commissioner an application made under oath in the form, and in accordance with the process, that the Commissioner requires; and
(ii)Provide all information that the Commissioner requests.
(2)The application shall include:
(i)The applicant’s legal name and any trade name used by the applicant in accordance with § 2–121 of this article;
(ii)The applicant’s principal executive office address;
(iii)If the applicant is not an individual, the name and residence address of each control person;
(iv)The address of each additional location, if any, that:
1. The general public may reasonably view as a location that does business as a mortgage lender, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
2. Houses any core operational infrastructure or technology systems;
3. Conducts any core management, information security and technology, risk and compliance, or finance functions; or
4. Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and
(v)Any other pertinent information that the Commissioner requires.
(3)The applicant shall comply with all conditions and provisions of the application for licensure and be issued a license before acting as a mortgage lender.
(b)The applicant shall pay to the Commissioner the following fees:
(1)A nonrefundable investigation fee set by the Commissioner; and
(2)A nonrefundable license fee set by the Commissioner.
(c)In addition to the license fee required under subsection (b)(2) of this section, an applicant for an initial license shall pay to NMLS any fees that NMLS imposes in connection with the application.
(d)In addition to any sanctions that may be imposed under this subtitle by the Commissioner, a nonrefundable surcharge of $500 shall be paid:
(1)With an application if the applicant has begun acting as a mortgage lender without a license; and
(2)By a licensee if the licensee has acted as a mortgage lender at a location that is not a licensed location.
(e)A person who knowingly makes a false statement under oath on an application filed with the Commissioner under this section is guilty of perjury and on conviction is subject to the penalties of § 9–101 of the Criminal Law Article.