# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 9. Maryland Debt Management Services Act

#### Section 12-904

With the license application, the applicant shall pay to the Commissioner:

(1) A nonrefundable investigation fee of $1,000 for an initial license; and

(2) A license fee for an initial license or a license renewal for an additional 1-year term, as follows:

  (i) $500, if the applicant's annual gross revenue is not more than $3,000,000;

  (ii) $1,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000;

  (iii) $2,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000;

  (iv) $3,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or

  (v) $4,000, if the applicant's annual gross revenue is more than $30,000,000.

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