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Session Laws, 1918 Session
Volume 486, Page 200   View pdf image (33K)
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200 LAWS OF MARYLAND. [CH. 88

SEC. 7. The license shall be kept conspicuously posted in
the place of business of the licensee.

SEC. 8. No person, co-partnership, or corporation so li-
censed shall make any loan or transact any business provided
for by this Act, under any other name, or at any other place
of business, than that named in the license. Not more than
one place of business, shall be maintained under the same
license, but the Bank Commissioner may issue more than one
license to the same licensee upon the payment of an additional
license fee and the filing of an additional bond for each license.

SEC. 9. Whenever the licensee shall change his place of
business, he shall at once give written notice thereof to the
Bank Commissioner, who shall attach to the license his consent
in writing to such change.

SEC. 10. The Bank Commissioner for the purpose of dis-
covering violations of this Act, may either personally, or by
any person designated by him, at any time and as often as he
may desire, investigate the loans and business of every licensee
and of every person, co-partnership, and corporation by whom
or for which any such loan shall be made, whether such person,
co-partnership, or corporation shall act, or claim to act as prin-
cipal, agent, or broker, or under, or without the authority of
this Act; and for that purpose he shall have free access to
the books, papers, records, safes and vaults of all such persons,
co-partnerships and corporations; he shall also have authority
to examine, under oath, all persons, whomsoever, whose testi-
money he may require, relative to such loans, or business.

SEC. 11. The licensee shall keep such books and records
as in the opinion of the Bank Commissioner will enable the
Bank Commissioner to determine whether the provisions of this
Act are being observed. Every such licensee shall preserve the
records of final entry used in such business, including cards
used in the card system, if any, for a period of at least two
years after the making of any loan recorded therein.

SEC. 12. All license fees received under this Act are here-
by appropriated for the uses and purposes thereof and the
expenses which may be incurred in relation to the supervisions
of licensees and enforcement of this Act; any surplus remain-
ing at the end of the fiscal year shall be paid into the State
Treasury, with a statement of receipts and disbursements.

 

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Session Laws, 1918 Session
Volume 486, Page 200   View pdf image (33K)
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