<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="11-404" title_number="11" title_name="Consumer Credit" subtitle_number="4" subtitle_name="Sales Finance Companies -- Licensing Provisions">
  <level label="a">
    <level label="1">
      <text>To apply for a license, an applicant shall:</text>
      <level label="i">
        <text>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</text>
      </level>
      <level label="ii">
        <text>Provide all the information that the Commissioner requests.</text>
      </level>
    </level>
    <level label="2">
      <text>The application shall include:</text>
      <level label="i">
        <text>The applicant’s legal name and any trade name used by the applicant in accordance with § 2–121 of this article;</text>
      </level>
      <level label="ii">
        <text>The applicant’s principal executive office address;</text>
      </level>
      <level label="iii">
        <text>If the applicant is not an individual, the name and residence address of each control person;</text>
      </level>
      <level label="iv">
        <text>The address of each additional location, if any, that:</text>
        <level label="1">
          <text>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;</text>
        </level>
        <level label="2">
          <text>Houses any core operational infrastructure or technology systems;</text>
        </level>
        <level label="3">
          <text>Conducts any core management, information security and technology, risk and compliance, or finance functions; or</text>
        </level>
        <level label="4">
          <text>Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and</text>
        </level>
      </level>
      <level label="v">
        <text>Any other pertinent information that the Commissioner requires.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <text>With the application, the applicant shall pay to the Commissioner:</text>
    <level label="1">
      <text>An investigation fee of $100; and</text>
    </level>
    <level label="2">
      <text>A license fee of $125.</text>
    </level>
  </level>
</section>
