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Ch. 574 2005 LAWS OF MARYLAND
(4) A PARENT;
(5) A GRANDPARENT;
(6) A GRANDCHILD;
(7) A STEPPARENT;
(8) A STEPCHILD;
(9) A STEPSIBLING;
(10) AN AUNT; OR
(11) AN UNCLE.
[(m)] (N) (O) "Resident agent" means an individual residing in the State or a
Maryland corporation whose name, address, and designation as a resident agent are
filed or recorded with the State Department of Assessments and Taxation in
accordance with the provisions of the Corporations and Associations Article.
[(n)](O) (P) "Trust account" means an account that is:
(1) Established in a financial institution that is federally insured;
(2) Separate from the debt management services provider's operating
account;
(3) Designated as a "trust account" or by another appropriate
designation indicating that the funds in the account are not the funds of the licensee
or its officers, employees, or agents;
(4) Unavailable to creditors of the debt management services provider;
and
(5) Used to hold funds paid by consumers to a debt management services
provider for disbursement to creditors of the consumers.
12-904.
(a) The Commissioner by regulation shall establish CHARGE:
(1) (i) A fee, not exceeding [$2,000] $4,000, for the issuance of a AN
INITIAL license under this subtitle in an even-numbered year AS FOLLOWS:
1. $1,000, IF THE APPLICANT'S ANNUAL GROSS REVENUE IS
NOT MORE THAN $3,000,000;
2. $2,000, IF THE APPLICANT'S ANNUAL GROSS REVENUE IS
MORE THAN $3,000,000 BUT NOT MORE THAN $6,000,000;
3. $4,000, IF THE APPLICANT'S ANNUAL GROSS REVENUE IS
MORE THAN $6,000,000 BUT NOT MORE THAN $15,000,000;
4. $6,000, IF THE APPLICANT'S ANNUAL GROSS REVENUE IS
MORE THAN $15,000,000 BUT NOT MORE THAN $30,000,000; OR
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