# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 2. Foreign Banks

#### Section 12-210

(a) A permit expires on the third anniversary of its effective date, unless the permit is renewed for a 3-year term as provided in this section.

(b) Before its permit expires, the foreign banking corporation may renew the permit for additional 3-year terms if the foreign banking corporation:

  (1) At least 30 days before its permit expires submits to the Commissioner a renewal application on the form that the Commissioner requires; and

  (2) Meets the requirements for issuance of a permit under Sec. 12-209 of this subtitle.

(c) The Commissioner shall renew the permit of each foreign banking corporation that meets the requirements of this section.

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