Ch. 23 1997 LAWS OF MARYLAND

12-412.

(a) A licensee may not change the place of business for which a license is issued
unless the licensee [:

(1) Notifies] notifies the Commissioner in writing of the proposed change [;

and

(2) Receives the written consent of the Commissioner.

(b) If the Commissioner consents to the proposed change of place of business, the
licensee shall attach the written consent to the license].

12-413.

(a) [At] WITHIN 45 DAYS OF the end of each [quarter] CALENDAR
SEMIANNUAL PERIOD for which the licensee does not file an audited financial
statement, the licensee shall file WITH THE COMMISSIONER a report that includes [for
that quarter]:

(1) An unaudited, unconsolidated statement of income and a statement of
the condition of the licensee;

(2) A schedule of the permissible investments that the licensee holds as
required under §12-414 of this subtitle; and

(3) A statement of outstanding payment instruments [or outstanding
traveler's checks].

(b) On or before April 30 of each year, or on or before 120 days after the close of
the fiscal year of the licensee, whichever is later, each licensee shall file with the
Commissioner an annual report that:

(1) Contains the information that the Commissioner requires about the
business of the licensee during the previous license year;

(2) Is on the form that the Commissioner requires; and

(3) Is signed and verified by the licensee.

(c) (1) If a buyer or holder of a payment instrument or [traveler's check]
PERSON FOR WHOM OR TO WHOM MONEY IS TRANSMITTED brings an action against a
licensee, the licensee shall:

(i) Notify the Commissioner of the action by certified mail, return
receipt requested, bearing a postmark from the United States Postal Service, within 10
days after the action is begun; and

(ii) Include in the notice details sufficient to identify the action.

(2) If judgment is entered against a licensee, the licensee shall:

(i) Notify the Commissioner of the judgment by registered mail within
10 days after judgment is entered; and

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