Ch. 588                                   1997 LAWS OF MARYLAND

(3) The application shall include:

(i) If the applicant is an individual, the applicant's name, business
address and telephone number, and residence address and telephone number;

(ii) If the applicant is a partnership or other noncorporate business
association, the business name, business address and telephone number, and the
residence address and telephone number of each:

1.       General partner, if the applicant is a limited partnership;

2.       General partner who holds an interest in the partnership of
more than 10 percent, if the applicant is a general partnership; or

3.       Member, if the applicant is another noncorporate business
association;

(iii) If the applicant is a corporation:

1.       The name, address, and telephone number of the corporate
entity; and

2.       The name, the business telephone number, and the residence
address and telephone number of the president, senior vice presidents, secretary, and
treasurer, each director, and each stockholder owning or controlling 10 percent or more
of any class of stock in the corporation;

(iv) The name under which the mortgage [lender] LENDING business
is to be conducted;

(v) The name and address of the applicant's resident agent, if any; and

(vi) Any other information that the Commissioner reasonably requires.

(b)     With each application, the applicant shall pay to the Commissioner:

(1)     A nonrefundable investigation fee of $100; and

(2)     A license fee of either:

(i) [$500] $1,000 if the applicant applies for a license to be issued on
or after January 1 and on or before [June 30] DECEMBER 31 OF AN EVEN-NUMBERED
YEAR; [or]

(ii) [ $250] EFFECTIVE JANUARY 1, 1999, $500 if the applicant applies
for a license to be issued on or after [July 1] JANUARY 1 and on or before December 31
OF AN ODD-NUMBERED YEAR; OR

(III) NOTWITHSTANDING SUBPARAGRAPH (I) OR (II) OF THIS
PARAGRAPH, $1,000 IF THE APPLICANT APPLIES FOR A LICENSE TO BE ISSUED ON OR
AFTER OCTOBER 1, 1997 AND ON OR BEFORE DECEMBER 31.. 1997.

(c)     For each license for which an applicant applies, the applicant shall:
(1) Submit a separate application;

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