HARRY HUGHES, Governor

557

(B) DISPLAY.

EACH LICENSEE SHALL DISPLAY THE LICENSE CONSPICUOUSLY
AT THE LICENSEE'S PLACE OF BUSINESS.

REVISOR'S NOTE: This section is new language derived
without substantive change from the last phrase
of Art. 58A, § 4(b)(2) and from Art. 58A, § 8.

11-211. CHANGE OF PLACE OF BUSINESS.

(A)       CONSENT REQUIRED.

A LICENSEE MAY NOT CHANGE THE PLACE OF BUSINESS FOR
WHICH A LICENSE IS ISSUED UNLESS THE LICENSEE:

(1)       NOTIFIES SENDS THE COMMISSIONER IN WRITING
THE LICENSE AND WRITTEN NOTICE OF THE PROPOSED CHANGE; AND

(2)       RECEIVES THE WRITTEN CONSENT OF THE
COMMISSIONER.

(B)       ATTACHMENT OF CONSENT.

IF THE COMMISSIONER CONSENTS TO A PROPOSED CHANGE OF
PLACE OF BUSINESS, THE LICENSES COMMISSIONER SHALL ATTACH
THE WRITTEN CONSENT TO THE LICENSE.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 58A, § 10.

Present Art. 58A, § 10 implies that a licensee
returns the license to the Commissioner so that
the Commissioner, if the Commissioner chooses,
can attach written consent.

11-212. ANNUAL REPORTS.

(A) REPORTS BY LICENSEES.

(1)   TO ENABLE THE COMMISSIONER TO DETERMINE THE
GENERAL CONDITION OF THE CONSUMER LOAN BUSINESS, EACH
LICENSEE SHALL FILE WITH THE COMMISSIONER, ON OR BEFORE
MARCH 1 OF EACH YEAR, AN ANNUAL REPORT THAT:

(I)   IS ON THE FORM THAT THE COMMISSIONER

REQUIRES;

(II)       CONTAINS THE INFORMATION RELEVANT TO
THE BUSINESS AND OPERATIONS OF THE LICENSEE THAT THE
COMMISSIONER REQUIRES; AND

(III)       IS SIGNED AND VERIFIED BY THE
LICENSEE.

(2)       THE COMMISSIONER: