1622 LAWS OF MARYLAND. [Ch. 836]

license for carrying on the business of petty loan broker. Petty
loan brokers' licenses shall be issued by the clerks of the Circuit
Courts for the counties and the clerk of the Court of Common
Pleas of the City of Baltimore, and shall expire the first day
of May next thereafter, but no abatement of said charge shall
be made if said licenses are issued for less than one year.

21B. Petty loan brokers' licenses shall state fully the name
or names of the person or corporation and of every member
of the firm or association authorized to do business thereunder,
and the location of the office or place of business in which the
business is to be conducted; and in the case of a corporation
shall also state the date and place of its incorporation, the
name of its president or other managing officer and the names
of its directors for the period for which the license is issued.
And no person, firm, corporation or association so licensed shall
transact or solicit business under any other name or at any
other office or place of business than that named in the license.
Not more than one office or place of business shall be main-
tained under the same license, and no loans or advances shall
be made at any other place than that designated in the license.
But in case of a removal the clerk issuing the said license may
on application indorse thereon a transfer to the new place of
business. With the date of transfer and from the time of such
indorsement the new place so designated shall be deemed the
place named and designated in the license.

21C. No petty loan broker shall exact, demand or receive
of the borrower or borrowers, or of any other person on his,
lier or their behalf, in addition to legal interest as defined in
section 1, Article 49 of the Code of Public General Laws of
Maryland, any sum or sums either in the way of bonus or
commission or otherwise, or as fees for the examination or
valuation of property, examination of title, preparation, regis-
tration or recording of papers, acknowledgments, affidavits,
insurance or other expense of any kind connected with such
loan or the procuring thereof, or with any security given there-
for, excepting that upon loans not exceeding $500 bona fide
secured by chattel mortgage or bill of sale covering chattels and
not joined directly or indirectly with the sale of any merchan-
dise or any other contract or transaction of any kind whatever,
and repayable either in a single sum or in approximately
equal installments distributed at equal intervals of time; petty
loan brokers licensed as above shall be permitted to make charges
to cover the cost of procuring said loan, incidental expenses,
examination or valuation of property or title thereto, prepara-
tion, registration or recording of papers, affidavits and insur-