<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="12-904" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="9" subtitle_name="Maryland Debt Management Services Act">
  <text>With the license application, the applicant shall pay to the Commissioner:</text>
  <level label="1">
    <text>A nonrefundable investigation fee of $1,000 for an initial license; and</text>
  </level>
  <level label="2">
    <text>A license fee for an initial license or a license renewal for an additional 1–year term, as follows:</text>
    <level label="i">
      <text>$500, if the applicant’s annual gross revenue is not more than $3,000,000;</text>
    </level>
    <level label="ii">
      <text>$1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;</text>
    </level>
    <level label="iii">
      <text>$2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;</text>
    </level>
    <level label="iv">
      <text>$3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or</text>
    </level>
    <level label="v">
      <text>$4,000, if the applicant’s annual gross revenue is more than $30,000,000.</text>
    </level>
  </level>
</section>
