604

LAWS OF MARYLAND

Ch. 33

(IV) THE ADDRESS AT WHICH THE BUSINESS IS
TO BE CONDUCTED; AND

(V) ANY OTHER INFORMATION THAT THE BANK
COMMISSIONER REQUIRES.

(B)       FEES.

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

(1)        AN INVESTIGATION FEE OF $100; AND

(2)       A LICENSE FEE OF EITHER:

(I)       $300 IF THE APPLICANT APPLIES FOR THE

A LICENSE TO BE ISSUED ON OR AFTER JANUARY 1 AND ON OR

BEFORE JUNE 30; OR

(II)       $150 IF THE APPLICANT APPLIES FOR THE
A LICENSE TO BE ISSUED ON OR AFTER JULY 1 AND ON OR BEFORE
DECEMBER 31.

(C)       BOND.

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

(2)       THE SURETY BOND FILED UNDER THIS SUBSECTION
SHALL RUN TO THE BANK COMMISSIONER FOR THE BENEFIT OF THIS
STATE.

(3)       THE SURETY BOND SHALL BE:

(I)       IN THE AMOUNT OF $10,000;

(II)       WITH SURETIES THAT THE BANK

COMMISSIONER APPROVES; AND ISSUED BY A SURETY COMPANY

AUTHORIZED TO DO BUSINESS IN THIS STATE;

(III)       CONDITIONED THAT THE APPLICANT WILL
COMPLY WITH THE MARYLAND SECONDARY MORTGAGE LOAN LAW LAW;

AND

(IV) APPROVED BY THE BANK COMMISSIONER.

(D)        SEPARATE APPLICATIONS REQUIRED.

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

(1)   SUBMIT A SEPARATE APPLICATION;

(2)   PAY A SEPARATE LICENSE FEE; AND

(3) FILE A SEPARATE SURETY BOND.