§ 12-904
120 words·~1 min read·
/md/financial-institutions/12-904A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–904.
With the license application, the applicant shall pay to the Commissioner:
(1)A nonrefundable investigation fee of $1,000 for an initial license; and
(2)A license fee for an initial license or a license renewal for an additional 1–year term, as follows:
(i)$500, if the applicant’s annual gross revenue is not more than $3,000,000;
(ii)$1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;
(iii)$2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;
(iv)$3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or
(v)$4,000, if the applicant’s annual gross revenue is more than $30,000,000.