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Maryland Code, Financial Institutions § 11-509

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.

(b) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.

(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 11-509 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-11-509/

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