Section 12-904 - Fees. - Maryland Statutes

§ 12-904. Fees.
 

The Commissioner shall charge: 

(1) (i) A fee for the issuance of an initial license under this subtitle in an even-numbered year as follows: 

1. $1,000, if the applicant's annual gross revenue is not more than $3,000,000; 

2. $2,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000; 

3. $4,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000; 

4. $6,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or 

5. $8,000, if the applicant's annual gross revenue is more than $30,000,000; and 

(ii) A fee for the issuance of an initial license under this subtitle in an odd-numbered year as follows: 

1. $500, if the applicant's annual gross revenue is not more than $3,000,000; 

2. $1,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000; 

3. $2,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000; 

4. $3,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or 

5. $4,000, if the applicant's annual gross revenue is more than $30,000,000; 

(2) A fee for renewal of a license issued under this subtitle as follows: 

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

(ii) $2,000, if the applicant's annual gross revenue is more than $3,000,000 but not more than $6,000,000; 

(iii) $4,000, if the applicant's annual gross revenue is more than $6,000,000 but not more than $15,000,000; 

(iv) $6,000, if the applicant's annual gross revenue is more than $15,000,000 but not more than $30,000,000; or 

(v) $8,000, if the applicant's annual gross revenue is more than $30,000,000; 

(3) A fee of $100, for each location in the State at which a licensee provides debt management services under this subtitle, payable at the time of application for an initial license and at each renewal of a license; and 

(4) A fee of $1,000, for an investigation of an applicant under this subtitle, payable at the time of application for an initial license. 
 

[2003, chs. 374, 375; 2005, ch. 574, § 2.]