Md. Code Regs. 09.03.06.22

Current through Register Vol. 51, No. 22, November 1, 2024

Section 09.03.06.22 - Fees

A. Application Investigation Fee. The nonrefundable investigation fee required by Financial Institutions Article, §ll-507(b)(l), Annotated Code of Maryland, is $1.

B. Initial License Fee.

(1) The license fee required by Financial Institutions Article, §11-507(b)(2), Annotated Code of Maryland, is $1,000 for a 1-year license term.

(2) In addition to the initial license fee set forth in §B(1) of this regulation, an applicant for a license shall pay to NMLS the license application processing fee and any other fees that NMLS imposes in connection with the application.

C. Renewal Fee.

(1) The renewal fee required by Financial Institutions Article, §11-511(b)(2), Annotated Code of Maryland, is $1,000 for a 1-year renewal term.

(2) In addition to the renewal fee set forth in §C(1) of this regulation, an applicant for a renewal shall pay to NMLS the renewal application processing fee and any other fees that NMLS imposes in connection with the application.

D. Examination and Investigation Fee. A licensee shall pay all reasonable costs, including the actual cost per day for each of the Commissioner's employees engaged in examinations or investigations performed by the Commissioner as authorized by Financial Institutions Article, §11-515(c), Annotated Code of Maryland.

Md. Code Regs. 09.03.06.22

Regulations .22 recodified from .23 effective 46:19 Md. R. 813, eff. 10/4/2019