714 LICENSES. [ART. 56

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.

As to interest and usury, see article 49.

As to bills of sale and chattel mortgages, see article 21, section 43, et
seq.

1912, ch. 836.

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 con-
ducted; and in the case of a corporation shall also state the date and
place of its incorporation, the name of its president or other manag-
ing 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 maintained 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.

1912, ch. 836.

21C. No petty loan broker sha.il exact, demand or receive of the
borrower or borrowers, or of any other person on his, her 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, pre-
paration, registration or recording of papers, acknowledgments, affi-
davits, insurance or other expense of. any kind connected with such loan
or the procuring thereof, or with any security given therefor, except-
ing 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 merchandise 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, preparation, reg-
istration or recording of papers affidavits and insurance as follows: