Md. Code Regs. 09.03.09.06

Current through Register Vol. 51, No. 12, June 14, 2024

Section 09.03.09.06 - Fees

A. Application Investigation Fee. The nonrefundable investigation fee required by Financial Institutions Article, § 11-604(c)(1), Annotated Code of Maryland, is $1.

B. Initial License Fee.

(1) The license fee required by Financial Institutions Article, § 11-606(b)(2), Annotated Code of Maryland, is $225 for a 1-year license term.

(2) In addition to the initial license fee set forth in §B(1) of this regulation, an applicant for a license shall pay to NMLSR the license application processing fee and any other fees that NMLSR imposes in connection with the application.

C. Renewal Fee.

(1) The renewal fee required by Financial Institutions Article, § 11-609(b)(2), Annotated Code of Maryland, is $225 for a 1-year renewal term.

(2) In addition to the renewal fee set forth in §C(1) of this regulation, an applicant for a renewal shall pay to NMLSR the renewal application processing fee and any other fees that NMLSR imposes in connection with the application.

C-1. Licensing Fees for Affiliated Insurance Producer-Mortgage Loan Originator Subject to Financial Institutions Article, § 11-603.1, Annotated Code of Maryland.

(1) Application Investigation Fee. The nonrefundable investigation fee required by Financial Institutions Article, § U-604(c)(1), Annotated Code of Maryland, is $1.

(2) Initial License Fee.

(a) The license fee required by Financial Institutions Article, § 11-604(b)(2), Annotated Code of Maryland, is $700 for a 1-year Affiliated Insurance Producer-Mortgage Loan Originator license term.

(b) In addition to the initial license fee set forth in §B(2)(a) of this regulation, an applicant for a license shall pay to NMLSR the license application processing fee and any other fees that NMLSR imposes in connection with the application.

(3) Renewal Fee.

(a) The renewal fee required by Financial Institutions Article, § 11-609(b)(2), Annotated Code of Maryland, is $700 for a 1-year renewal term.

(b) In addition to the renewal fee set forth in §B(3)(a) of this regulation, an applicant for a renewal shall pay to NMLSR the renewal application processing fee and any other fees that NMLSR imposes in connection with the application.

D. Investigation Fee. The fee for each of the Commissioner's employees engaged in investigations performed by the Commissioner as authorized by Financial Institutions Article, § 11-613(b), Annotated Code of Maryland, is $250 per day.

E. License Amendment Fee. The license amendment fee required by Financial Institutions Article, §ll-603(c)(2), Annotated Code of Maryland, is $20.

Md. Code Regs. 09.03.09.06

Regulation .06 adopted effective January 1, 2009 (35:26 Md. R. 2247)
Regulations .06 and new Regulation .06 adopted as an emergency provision effective July 1, 2009 (36:15 Md. R. 1159); emergency status extended at 37:3 Md. R. 170; emergency status expired effective March 15, 2010
Regulations .06 and new Regulation .06 adopted effective March 15, 2010 (37:5 Md. R. 427)
Regulation .06C adopted as an emergency provision effective September 30, 2010 (37:18 Md. R. 1211); emergency status expired March 28, 2011; recodified from .07 effective 44:15 Md. R. 759, eff. 7/31/2017