Md. Code Ann., Fin. Inst. § 11-509
Approval or denial of license
Effective Oct 1, 2005Added by Acts 1989, c. 476, § 3, eff. July 1, 1989. Amended by Acts 2005, c. 132, § 1, eff. Oct. 1, 2005.State of Maryland
- (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.
Added by Acts 1989, c. 476, § 3, eff. July 1, 1989. Amended by Acts 2005, c. 132, § 1, eff. Oct. 1, 2005.