622

LAWS OF MARYLAND

Ch. 33

sentences of Art. 11, § 212(2), from Art. 11, §
212(3), from the first and fourth sentences of
Art. 11, § 212(4), except as those sentences
apply to the amount of the bond or securities,
and from all of Art. 11, § 216(b), except the
first two clauses.

In subsection (a)(1) of this section, a
requirement that the applicant "sign" the
application is added, and the term "verified" is
substituted for the requirement that the
application be "under oath". See § 1—202 of this
article.

In subsection (a) (2) (i) of this section, the
phrase "if the applicant is an individual" is
added for clarity.

As to subsection (a)(2)(ii) and (iii) of this
section, present Art. 11, § 212(1) is not wholly
comprehensible, and this revision represents what
appears to be the intent of its provisions.

In subsection (a) (2) (iv) of this     section, the

present reference to the "county,   city, town or

village" is deleted as unnecessary     in light of

the definition of "address" in §   1—101 of this
article.

In subsection (a)(2)(v) of this section,
reference to the "nature of business" of the
agent is added to conform to practice and to the
form of the reports required by § 12-411 of this
subtitle.

Subsections (b) and (c) of this section are
revised to require payment of the agent fee and
license fee and deposit of bond or securities
with the application. This change conforms to
practice and to the licensing provisions of the
Consumer Loan Law in § 11—206 of this article.

In subsection (b) (3) of this section, the present
reference to. a $100—fee for licenses for which
the applicant applies "after July 1" is revised
to refer to applications made "on or after" that
date. This change creates a more logical
break—point (i.e., at the end of a month) than
does the present formula.

Subsection (d) (1) of this section is new language
added to clarify that a separate application and
the accompanying fees are required for each
license.

Subsection (d) (2) of this section is revised to
clarify the manner in which the minimum amounts