§ 11–509
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 11-509 (2026)
Title 11. Consumer Credit
Subtitle 5. Maryland Mortgage Lender Law
§ 11–509LinkCopy Citation
(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.