# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 5. Maryland Mortgage Lender Law

#### Section 11-509

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

---

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