1190                           LAWS OF MARYLAND                     [CH. 487

ment Volume), title "Banks and Trust Companies," subtitle "In-
dustrial Finance Companies," to change the cost of examination
of industrial finance companies.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 188 (a) of Article 11 of the Annotated Code of Mary-
land (1968 Replacement Volume), title "Banks and Trust Com-
panies," subtitle "Industrial Finance Companies," be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

188.

(a) At least once each thirty-six (36) months, or more often if
previous examinations have indicated willful or knowing violations
of this subtitle, the Commissioner or his duly appointed deputy or
examiner, shall make an examination of the place of business of
each licensee and of the loans, transactions, books, papers, and records
of such licensee so far as they pertain to the business licensed under
this subtitle. The actual cost of examination shall be paid to the
Commissioner by each licensee so examined provided, however, the
cost of each separate and complete examination shall not exceed
[one hundred dollars ($100)] fifty dollars ($50) per day per exam-
iner or two hundred dollars ($200), whichever is less; and the Com-
missioner may maintain an action for the recovery of such costs in
any court of competent jurisdiction.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 2, 1969.

CHAPTER 487
(Senate Bill 755)

AN ACT to repeal and re-enact, with amendments, Section 169 of
Article 11 of the Annotated Code of Maryland (1968 Replacement
Volume), title "Banks and Trust Companies," subtitle "Industrial
Finance Companies," to increase the license fees for industrial
finance companies.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 169 of Article 11 of the Annotated Code of Maryland
(1968 Replacement Volume), title "Banks and Trust Companies,"
subtitle "Industrial Finance Companies," be and it is hereby re-
pealed and re-enacted, with amendments, to read as follows:

169.

Application for a license shall be in writing, under oath, and in
the form prescribed by the Commissioner. The application shall give
the exact location where the business is to be conducted and shall
contain such further relevant information as the Commissioner may
require including the names and addresses of the partnership, cor-
poration, officers, directors, or trustees, and of such of the principal