1. (a)

   1. (1) To apply for a license, an applicant shall:

      1. (i) Complete, sign, and submit to the Commissioner a completed application made under oath in the form, and in accordance with the process, that the Commissioner requires; and
      2. (ii) Provide all the information that the Commissioner requests.

   2. (2) The application shall include:

      1. (i) The applicant's legal name and any trade name used by the applicant in accordance with § 2-121 of this article;
      2. (ii) The applicant's principal executive office address;
      3. (iii) If the applicant is not an individual, the name and residence address of each control person;

      4. (iv) The address of each additional location, if any, that:

         1. 1. The general public may reasonably view as a location that does business as a sales finance company, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
         2. 2. Houses any core operational infrastructure or technology systems;
         3. 3. Conducts any core management, information security and technology, risk and compliance, or finance functions; or
         4. 4. Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and
      5. (v) Any other pertinent information that the Commissioner requires.

2. (b) With the application, the applicant shall pay to the Commissioner:

   1. (1) An investigation fee of $100; and
   2. (2) A license fee of $125.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1997, c. 22, § 1, eff. Oct. 1, 1997; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2023, c. 567, § 1, eff. July 1, 2023.

Formerly Art. 83, §§ 155, 156.