{"data":{"id":"us-md/md.-code-financial-institutions-11-209","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–209","heading":"","body":"(a) An initial license term shall:\n(1) Begin on the date the license is issued; and\n(2) Expire on December 31 of the year:\n(i) In which the license is issued, if the license is issued before November 1; or\n(ii) Immediately following the year in which the license is issued, if the license is issued on or after November 1.\n(b) On or after November 1 of the year in which a license expires, the license may be renewed for an additional 1–year term, if the licensee:\n(1) Otherwise is entitled to be licensed;\n(2) Pays to the Commissioner a renewal fee of $850; and\n(3) Submits to the Commissioner a renewal application in the form, and in accordance with the process, that the Commissioner requires.\n(c) The Commissioner may waive the requirements of § 11–205(1) and (2) of this subtitle for the renewal of a license.\n(d) To the extent required or permitted by NMLS, the Commissioner may determine that licenses issued under this subtitle shall expire on a staggered basis.\n(e) A licensee may not renew a license unless, before the submission of the license renewal application, the licensee has transferred the licensee’s licensing information to NMLS in accordance with § 11–203.1(c) of this subtitle.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-209","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"2b4df50089f387bc684faa197584ac5732cc84f3eec082866aa92e5e88a253af","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-208","next":"us-md/md.-code-financial-institutions-11-209.1"},"notice":"GroundRules: Original legal text. Not legal advice."}