# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 4. Sales Finance Companies -- Licensing Provisions

#### Section 11-404

(a)

  (1) To apply for a license, an applicant shall:

    (i) Complete, sign, and submit to the Commissioner a completed application made under oath in the form, and in accordance with the process, that the Commissioner requires; and

    (ii) Provide all the information that the Commissioner requests.

  (2) The application shall include:

    (i) The applicant's legal name and any trade name used by the applicant in accordance with Sec. 2-121 of this article;

    (ii) The applicant's principal executive office address;

    (iii) If the applicant is not an individual, the name and residence address of each control person;

    (iv) The address of each additional location, if any, that:

      (1) The general public may reasonably view as a location that does business as a sales finance company, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;

      (2) Houses any core operational infrastructure or technology systems;

      (3) Conducts any core management, information security and technology, risk and compliance, or finance functions; or

      (4) Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and

    (v) Any other pertinent information that the Commissioner requires.

(b) With the application, the applicant shall pay to the Commissioner:

  (1) An investigation fee of $100; and

  (2) A license fee of $125.

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