{"data":{"id":"us-md/md.-code-financial-institutions-11-509","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–509","heading":"","body":"(a) When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.\n(b) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.\n(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-509","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"3158adb1d38f3a212f0fd691ae7ea8ec19aed7d42ea6e5c70bb8f9558e651c50","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-508.1","next":"us-md/md.-code-financial-institutions-11-510"},"notice":"GroundRules: Original legal text. Not legal advice."}