ROBERT L. EHRLICH, JR., Governor

Ch. 375

(I)      IS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES APPLIED ON A CONSISTENT BASIS;

(II)     INCLUDES A CERTIFIED OPINION AUDIT PREPARED BY AN
INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT; AND

(III)   WAS PREPARED NO MORE THAN 12 MONTHS BEFORE THE DATE
OF APPLICATION;

(11)    EVIDENCE OF NONPROFIT STATUS UNDER § 501(C) OF THE INTERNAL
REVENUE CODE;

(12)    IF THE APPLICANT IS A CORPORATION, A DETAILED DESCRIPTION OF
THE APPLICANT'S CORPORATE STRUCTURE, INCLUDING PARENT COMPANIES,
SUBSIDIARIES, AND AFFILIATES;

(13)    THE APPLICANT'S BUSINESS CREDIT REPORT;

(14)    EVIDENCE OF GENERAL LIABILITY OR FIDELITY INSURANCE
COVERAGE THAT RUNS TO THE STATE TO BE USED FOR THE BENEFIT OF ANY
CONSUMER INJURED AS A RESULT OF THE THAT INSURES AGAINST DISHONESTY,
FRAUD, THEFT, OR OTHER MALFEASANCE ON THE PART OF AN EMPLOYEE OF THE
APPLICANT;

(15)    A DESCRIPTION OF THE APPLICANTS CONSUMER EDUCATION
PROGRAM THAT IS PROVIDED TO CONSUMERS;

(16)    A DESCRIPTION OF THE APPLICANT'S FINANCIAL ANALYSIS AND
INITIAL BUDGET PLAN, INCLUDING ANY FORM OR ELECTRONIC MODEL, THAT IS ARE
USED TO EVALUATE THE FINANCIAL CONDITION OF CONSUMERS;

(17)    A COPY OF THE DEBT MANAGEMENT SERVICES AGREEMENT THAT
THE APPLICANT WILL USE IN ITS DEBT MANAGEMENT SERVICES BUSINESS;

(18)    A COPY OF THE APPLICANT'S PLAN TO ENSURE THAT EACH DEBT
MANAGEMENT COUNSELOR EMPLOYED BY THE APPLICANT IS CERTIFIED BY AN
INDEPENDENT ORGANIZATION WITHIN 6 MONTHS AFTER THE DEBT MANAGEMENT

.COUNSELOR IS HIRED, AND THAT ANY EMPLOYEE WHO IS A SUPERVISOR OR
MANAGER OF A DEBT MANAGEMENT COUNSELOR IS CERTIFIED BY AN
INDEPENDENT ORGANIZATION WITHIN 3 MONTHS AFTER THE EMPLOYEE IS HIRED;
AND

(19)    ANY OTHER INFORMATION THAT THE COMMISSIONER REASONABLY
REQUIRES.

(C)     THE COMMISSIONER MAY REFUSE AN APPLICATION IF IT CONTAINS
ERRONEOUS OR INCOMPLETE INFORMATION.

(D)     WITH THE APPLICATION, THE APPLICANT SHALL PAY TO THE
COMMISSIONER:

(1) A LICENSE FEE IN THE AMOUNT ESTABLISHED UNDER § 12-904 OF
THIS SUBTITLE; AND

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