ROBERT L. EHRLICH, JR., Governor

Ch. 375

(3) PROVIDE ANY FEDERAL OR STATE AGENCY HAVING SUPERVISORY
RESPONSIBILITY OVER DEBT MANAGEMENT SERVICES BUSINESSES WITH ANY
DOCUMENTS OR OTHER INFORMATION EXCHANGE INFORMATION ABOUT A DEBT
MANAGEMENT SERVICES PROVIDER, INCLUDING INFORMATION OBTAINED DURING
AN EXAMINATION, WITH ANY STATE OR FEDERAL AGENCY HAVING AUTHORITY OVER
THE DEBT MANAGEMENT SERVICES PROVIDER.

12-904.

(A)      THE COMMISSIONER BY REGULATION SHALL ESTABLISH:

(1)      (I) A FEE, NOT EXCEEDING $1,000 $2,000, FOR THE ISSUANCE OF A
LICENSE UNDER THIS SUBTITLE IN AN EVEN-NUMBERED YEAR; AND

(II) A FEE, NOT EXCEEDING $1,000, FOR THE ISSUANCE OF A
LICENSE UNDER THIS SUBTITLE IN AN ODD-NUMBERED YEAR;

(2)      A FEE, NOT EXCEEDING $1,000 $2,000, FOR RENEWAL OF A LICENSE
ISSUED UNDER THIS SUBTITLE;

(3)      A FEE, NOT EXCEEDING $100, FOR EACH LOCATION IN THE STATE AT
WHICH A LICENSEE PROVIDES DEBT MANAGEMENT SERVICES UNDER THIS
SUBTITLE, PAYABLE AT THE TIME OF ISSUANCE OF AN INITIAL LICENSE AND AT
EACH RENEWAL OF A LICENSE; AND

(4)      A FEE, NOT EXCEEDING $1,000, FOR AN INVESTIGATION OF AN
APPLICANT OR LICENSEE UNDER THIS SUBTITLE.

(B)      ANY FEES CHARGED BY THE COMMISSIONER UNDER THIS SUBTITLE
SHALL APPROXIMATE THE DIRECT AND INDIRECT COSTS OF ADMINISTERING AND
ENFORCING THIS SUBTITLE.

12-905.

(A)      THERE IS A DEBT MANAGEMENT SERVICES FUND THAT CONSISTS OF:

(1)      ALL REVENUE RECEIVED FOR THE LICENSING OF ORGANIZATIONS
THAT PROVIDE DEBT MANAGEMENT SERVICES UNDER THIS SUBTITLE;

(2)      INCOME FROM INVESTMENTS THAT THE TREASURER MAKES FOR
THE FUND; AND

(3)      EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, ANY
OTHER FEE OR REVENUE RECEIVED BY THE COMMISSIONER UNDER THIS SUBTITLE.

(B)      THE COMMISSIONER SHALL PAY ALL FINES AND PENALTIES COLLECTED
BY THE COMMISSIONER UNDER THIS SUBTITLE INTO THE GENERAL FUND OF THE
STATE.

(C)      THE PURPOSE OF THE FUND IS TO PAY ALL THE COSTS AND EXPENSES
INCURRED BY THE COMMISSIONER THAT ARE RELATED TO THE REGULATION OF THE
DEBT MANAGEMENT SERVICES BUSINESS UNDER THIS SUBTITLE, INCLUDING:

(1) EXPENDITURES AUTHORIZED UNDER THIS SUBTITLE; AND

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