§ 7-207
106 words·~1 min read·
/md/financial-institutions/7-207·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–207.
(a)When an applicant for a certificate of authority files the application and pays the application fee required under § 7-206 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 7-205 of this subtitle.
(b)Unless the Commissioner notifies the applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a certificate of authority within 120 days after the complete application is filed and the application fee is paid.
(c)The Commissioner shall issue a certificate of authority to any applicant who meets the requirements of this subtitle.