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PARRIS N. GLENDENING, Governor
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S.B. 774
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(3) If an applicant has or is applying for more than one license, the
applicant is not required to [file] PAY a separate investigation fee.
12-408.
(A) THIS SECTION DOES NOT APPLY TO ANY CORPORATION THE SECURITIES
OF WHICH ARE EXEMPT FROM REGISTRATION UNDER § 11-601 (8) OR (12) OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE OR ANY WHOLLY OWNED SUBSIDIARY
OF THE CORPORATION.
(B) IN CONNECTION WITH AN INITIAL APPLICATION, A RENEWAL
APPLICATION, A SPECIAL INVESTIGATION, AND AT ANY OTHER TIME THE
COMMISSIONER REQUESTS, AN APPLICANT OR LICENSEE SHALL PROVIDE
FINGERPRINTS FOR USE BY THE FEDERAL BUREAU OF INVESTIGATION AND THE
MARYLAND CRIMINAL JUSTICE INFORMATION SYSTEM CENTRAL REPOSITORY OF
THE DEPARTMENT OF PUBLIC SAFETY AND CORRECTIONAL SERVICES TO CONDUCT
CRIMINAL HISTORY RECORDS CHECKS.
(C) AN APPLICANT OR LICENSEE REQUIRED UNDER THIS SECTION TO
PROVIDE FINGERPRINTS SHALL PAY ANY PROCESSING FEE REQUIRED BY THE
FEDERAL BUREAU OF INVESTIGATION OR THE MARYLAND CRIMINAL JUSTICE
INFORMATION SYSTEM CENTRAL REPOSITORY OF THE DEPARTMENT OF PUBLIC
SAFETY AND CORRECTIONAL SERVICES.
(D) IF THE APPLICANT OR LICENSEE IS A CORPORATION, THE
FINGERPRINTING AND CRIMINAL HISTORY RECORDS CHECK REQUIREMENTS SHALL
APPLY TO THE PRESIDENT AND ANY OTHER EXECUTIVE OFFICER OF THE
CORPORATION AS REQUESTED BY THE COMMISSIONER
[12-407.] 12-409.
(a) [When an applicant for a license files the application and financial
statement, files a bond or deposits permissible investments, and pays the fees
required by § 12-406 of this subtitle, the Commissioner shall investigate to determine
if the applicant meets the requirements of this subtitle for a license.] AFTER THE
FILING OF A COMPLETE APPLICATION, THE COMMISSIONER SHALL INVESTIGATE
THE FINANCIAL CONDITION AND RESPONSIBILITY, FINANCIAL AND BUSINESS
EXPERIENCE, CHARACTER, AND GENERAL FITNESS OF THE APPLICANT.
(b) (1) [THE] UNLESS THE COMMISSIONER NOTIFIES THE APPLICANT THAT
A DIFFERENT TIME PERIOD IS NECESSARY, THE Commissioner shall approve or deny
each application for a license within 60 days after the date [when the application and
financial statement is filed, the bond is filed or permissible investments are
deposited, and the fees are paid] A COMPLETE APPLICATION IS FILED.
(2) SUBJECT TO THE PROVISIONS OF PARAGRAPH (3) OF THIS
SUBSECTION, THE APPLICANT MAY BY WRITTEN REQUEST TO THE COMMISSIONER
WITHDRAW THE APPLICATION AT ANY TIME BEFORE THE ISSUANCE OF THE
LICENSE.
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- 4855 -
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