Md. Code, Financial Institutions § 12-904
Md. Code, Financial Institutions § 12-904
in effectWith 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=12-904&enactments=falseFetched: 10/17/2026