HARRY HUGHES, Governor

553

TO BE CONDUCTED; AND

(III) ANY OTHER PERTINENT INFORMATION THAT
THE COMMISSIONER REQUIRES FOR AN INVESTIGATION AND FINDINGS
UNDER § 11-207 OF THIS SUBTITLE.

(B)   FEES.

WITH THE APPLICATION, THE APPLICANT SHALL PAY TO THE
COMMISSIONER:

(1)   AN INVESTIGATION FEE OF $100; AND

(2)   A LICENSE FEE OF EITHER:

(I)   $850 IF THE APPLICANT APPLIES FOR THE
A LICENSE TO BE ISSUED ON OR AFTER JULY 1 AND ON OR BEFORE
DECEMBER 31; OR

(II)   $425 IF THE APPLICANT APPLIES FOR THE
A LICENSE TO BE ISSUED ON OR AFTER JANUARY 1 AND ON OR
BEFORE JUNE 30.

(C)   BOND.

{1) WITH THE APPLICATION, THE APPLICANT SHALL
FILE WITH THE COMMISSIONER A SURETY BOND.

(2) THE SURETY BOND FILED UNDER THIS SUBSECTION
SHALL RUN TO THIS STATE FOR THE BENEFIT OF THIS STATE AND OF
ANY PERSON WHO HAS A CAUSE OF ACTION AGAINST THE APPLICANT
UNDER THE MARYLAND CONSUMER LOAN LAW.

(3)   THE SURETY BOND SHALL BE:

(I)   IN AN AMOUNT EQUAL TO TWICE THE AMOUNT
OF THE LARGEST LOAN THAT MAY BE MADE UNDER THE MARYLAND
CONSUMER LOAN LAW;

(II)   WITH SURETIES THAT THE COMMISSIONER
APPROVES; AND

(III)   CONDITIONED THAT THE APPLICANT WILL
COMPLY WITH THE MARYLAND CONSUMER LOAN LAW AND WILL PAY TO
THIS STATE OR TO ANY PERSON ANY MONEY THAT THE APPLICANT MAY
OWE TO THIS STATE OR TO THAT PERSON UNDER THE MARYLAND
CONSUMES LOAN LAW.

(D)   SEPARATE APPLICATIONS REQUIRED.

FOR EACH LICENSE FOR WHICH AN APPLICANT APPLIES, THE
APPLICANT SHALL:

(1)       SUBMIT A SEPARATE APPLICATION;

(2)       PAY A SEPARATE INVESTIGATION FEE AND LICENSE

FEE; AND