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Code · Maryland · Financial Institutions

§ 11-509

89 words·~1 min read·/md/financial-institutions/11-509

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§11–509.
(a)When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.
(b)The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.
(c)The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
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