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2035
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MARVIN MANDEL, Governor
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BUSINESS. AT THE TIME THE LICENSE APPLICATION IS FILED,
THE APPLICANT SHALL PAY TO THE COMMISSIONER THE LICENSE
FEE. THE FEE IS NONREFUNDABLE.
(B) PRIOR TO THE ISSUANCE OF A LICENSE, EACH
APPLICANT, AFTER NOTIFICATION BY THE COMMISSIONER BOARD
OF THE APPROVAL OF HIS LICENSE APPLICATION, SHALL FILE
WITH THE COMMISSIONER EVIDENCE OF A SURETY BOND IN A FORM
AND WITH A SURETY THE COMMISSIONER BOARD APPROVES IN THE
AMOUNT OF $5,000. THE BOND IS FOR THE USE AND BENEFIT OF
ANY MEMBER OF THE PUBLIC WHO SUFFERS OR SUSTAINS ANY LOSS
OR DAMAGE BY REASON OF ANY VIOLATION OF THE PROVISIONS OF
THIS SUBTITLE BY THE LICENSEE, OR BY HIS AGENT OR
EMPLOYEE.
THE LIABILITY OF THE SURETY UNDER ANY BOND MAY NOT
EXCEED IN THE AGGREGATE THE AMOUNT OF THE BOND,
REGARDLESS OF THE NUMBER OR AMOUNT OF CLAIMS FILED, AND
IF THE LATTER SHOULD EXCEED THE AMOUNT OF THE BOND, THE
SURETY SHALL PAY THE SAME TO THE COMMISSIONER BOARD FOR
DISTRIBUTION TO CLAIMANTS AND SHALL BE RELIEVED OF ALL
LIABILITY UNDER ITS BONE.
327 328. ISSUANCE OF LICENSES.
(A) UPON THE FILING OF AN APPLICATION FOR A
COLLECTION AGENCY LICENSE, AND THE PAYMENT OF THE FEES
FOR THE LICENSE AND THE INVESTIGATION, THE COMMISSIONER,
THE BOARD:
(1) MAY REFUSE TO ISSUE THE LICENSE IF HE
THE BOARD FINDS THAT THE APPLICANT, OR ANY PERSON WHO At
THE TIME OF FILING THE APPLICATION IS AN OWNER, DIRECTOR,
OFFICER, MEMBER, PARTNER, EMPLOYEE, AGENT, OR SPOUSE OF
THE APPLICANT, HAS SUFFERED A REVOCATION OF HIS LICENSE
UNDER THIS SUBTITLE, OR HAS BEEN RESPONSIBLE FOR ANY ACT
OR OMISSION IN CONSEQUENCE OF WHICH A LICENSE ISSUED
UNDER THIS SUBTITLE TO ANY PERSON WAS REVOKED; OR
(2) SHALL ISSUE AND DELIVER A LICENSE TO THE
APPLICANT.
(B) THE COMMISSIONER BOARD SHALL APPROVE OR DENY
EVERY APPLICATION FOR A LICENSE WITHIN 60 DAYS OF THE
FILING OF THE APPLICATION WITH THE APPROPRIATE FEES.
(C) EACH LICENSE ISSUED IS IN FULL FORCE AND
EFFECT UNTIL THE LAST CAY OF DECEMBER OF THE YEAR FOR
WHICH THE LICENSE IS ISSUED UNLESS IT IS SURRENDERED,
SUSPENDED OR REVOKED PURSUANT TO THIS SUBTITLE BEFORE
THIS DATE.
(D) ONLY ONE PLACE OF BUSINESS MAY BE MAINTAINED
UNDER EACH LICENSE, BUT MORE THAN ONE LICENSE MAY BE
ISSUED TO THE SAME LICENSEE PURSUANT TO THIS SUBTITLE.
(E) A COUNTY, CITY, OR OTHER POLITICAL SUBDIVISION
OF THIS STATE MAY NOT REQUIRE A LICENSEE TO OBTAIN A
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