# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 2. Consumer Loans -- Licensing Provisions

#### Section 11-209

(a) An initial license term shall:

  (1) Begin on the date the license is issued; and

  (2) Expire on December 31 of the year:

    (i) In which the license is issued, if the license is issued before November 1; or

    (ii) Immediately following the year in which the license is issued, if the license is issued on or after November 1.

(b) On or after November 1 of the year in which a license expires, the license may be renewed for an additional 1-year term, if the licensee:

  (1) Otherwise is entitled to be licensed;

  (2) Pays to the Commissioner a renewal fee of $850; and

  (3) Submits to the Commissioner a renewal application in the form, and in accordance with the process, that the Commissioner requires.

(c) The Commissioner may waive the requirements of Sec. 11-205(1) and (2) of this subtitle for the renewal of a license.

(d) To the extent required or permitted by NMLS, the Commissioner may determine that licenses issued under this subtitle shall expire on a staggered basis.

(e) A licensee may not renew a license unless, before the submission of the license renewal application, the licensee has transferred the licensee's licensing information to NMLS in accordance with Sec. 11-203.1(c) of this subtitle.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)