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Code · Maryland · Financial Institutions

§ 11-612.1

134 words·~1 min read·/md/financial-institutions/11-612-1·

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§11–612.1.
(a)The Commissioner shall set by regulation the fees provided for in this subtitle.
(b)The fees established by the Commissioner under this section shall be reasonable and set in a manner that will produce funds sufficient to cover the actual direct and indirect costs of regulating licensees in accordance with the provisions of this subtitle.
(c)The Commissioner shall publish the fee schedule set by the Commissioner.
(d)All revenue received for the licensing and assessment of persons under this subtitle and any other fee or revenue the Commissioner receives under this subtitle shall be:
(1)Credited to the Fund; and
(2)Used in accordance with § 2–120(d) of this article.
(e)Subject to § 2–120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.
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