HARRY HUGHES, Governor                               2433

(v) Keep the investigation fee.

(2) Within 20 days after the [Bank] Commissioner
OF CONSUMER CREDIT denies an application, the [Bank]
Commissioner OF CONSUMER CREDIT shall:

(i) File in the [Bank Commissioner's]
COMMISSIONER OF CONSUMER CREDIT'S COMMISSIONER'S office a
written decision containing the findings and conclusions;
and

(ii) Send a copy of the decision to the
applicant.

12-308.

(a)  The [Bank] Commissioner OF CONSUMER CREDIT shall
include on each license:

(1)  The name of the licensee; and

(2)  The address at which the business is to be
conducted.

(b) (1) A license authorizes the licensee to do
business under the license, at the licensed place of
business and under the name stated on the license.

(2) Only one place of business may be maintained
under any one license.

(c)  The [Bank] Commissioner OF CONSUMER CREDIT may
issue more than one license to an applicant who:

(1)  Complies with § 12-306 of this subtitle; and

(2)  Otherwise meets the requirements of this
subtitle.

12-309.

(a)  A license expires on the December 31 after its
effective date, unless it is renewed for a 1-year term as
provided in this section.

(b)  Before a license expires, the licensee
periodically may renew the license for additional 1-year
terms, if the licensee:

(1)  Otherwise is entitled to be licensed;

(2)  Pays to the [Bank] Commissioner OF CONSUMER
CREDIT a renewal fee of $300; and

(3)  Submits to the [Bank] Commissioner OF
CONSUMER CREDIT a renewal application on the form that the
[Bank] Commissioner OF CONSUMER CREDIT requires.