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Session Laws, 1971
Volume 707, Page 622   View pdf image
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622                               Laws of Maryland                      [Ch. 311

CHAPTER 310
(House Bill 615)

AN ACT to repeal and re-enact, with amendments, Section 156(c)
of Article 83 of the Annotated Code of Maryland (1957 Edition,
1969 Replacement Volume), and to add new Section 156(d) to
Article 83, title "Sales and Notices," subtitle "Finance Companies,"
to increase the investigation fee for licensees and perspective
PROSPECTIVE licenses LICENSEES examined by the office of
the Commissioner of Small Loans and to make special provisions
for out of pocket expenses for investigation of license applications
or places of business located outside of the State of Maryland.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 156(c) of Article 83 of the Annotated Code of Mary-
land (1957 Edition, 1969 Replacement Volume), be and it is hereby
repealed and re-enacted, with amendments, and that new Section
156(d), be added to Article 83, title "Sales and Notices," subtitle
"Finance Companies," all to read as follows:

156.

(c)    Investigation fee. The investigation fee shall be [$50] one
hundred dollars ($100.00)
for each application, except that, when an
applicant files applications for licenses for three or more places of
business at the same time, the total investigation fee for all the
applications shall be [$150] three hundred dollars ($300.00).

(d)    Investigation expenseIn addition to the investigation fee
assessed pursuant to Section 156(c), if the applicant files application
for license for a place of business located outside of the State of
Maryland, such applicant shall pay to the Commissioner, upon presen-
tation BY THE COMMISSIONER of a detailed account, the travel
expenses, AND a reasonable living expense allowance, and a per
diem established or adopted by the Commissioner as compensation
of examiners,
as necessarily incurred on account of the investiga-
tion. No person shall pay and no examiner shall accept any addi-
tional emolument on account BECAUSE of any such examination.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved April 29, 1971

CHAPTER 311
(House Bill 616)

AN ACT to repeal and re-enact, with amendments, Section 23 of
Article 58A of the Annotated Code of Maryland, (1957 Edition,
1968 Replacement Volume and 1970 Supplement), title "Loans—
Consumer," to provide for a penalty for any person who violates
the Small Loan Laws of Maryland, whether or not such person is
licensed under the provisions of the Small Loan Laws.

 

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Session Laws, 1971
Volume 707, Page 622   View pdf image
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