{"data":{"id":"us-md/md.-code-financial-institutions-11-511","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–511","heading":"","body":"(a) Subject to any regulations the Commissioner adopts in connection with the transition to NMLS, an initial license term shall:\n(1) Begin on the day the license is issued; and\n(2) Expire on December 31 of the year:\n(i) The license is issued, if the license is issued before November 1; or\n(ii) Succeeding the year that the license is issued, if the license is issued on or after November 1.\n(b) At least 60 days before its expiration, a license may be renewed if the licensee:\n(1) Otherwise is entitled to be licensed;\n(2) Pays to the Commissioner a nonrefundable renewal fee set by the Commissioner; and\n(3) Submits to the Commissioner:\n(i) A renewal application on the form that the Commissioner requires; and\n(ii) Satisfactory evidence of compliance with any continuing education requirements set by regulations adopted by the Commissioner.\n(c) Subject to any regulations the Commissioner adopts in connection with the transition to NMLS, a renewal term shall:\n(1) Be for a period of 1 year;\n(2) Begin on January 1 of each year after the initial term; and\n(3) Expire on December 31 of the year the renewal term begins.\n(d) In addition to the license renewal fee required under subsection (b)(2) of this section, an applicant for a license renewal shall pay to NMLS any fees that NMLS imposes in connection with the renewal application.\n(e) If a license is surrendered voluntarily, or is suspended or revoked, the Commissioner may not refund any part of the license fee regardless of the time remaining in the license term.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-511","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"0f967da52e97b1d9a7a229e58ac5c6bb4d85e27120e2e0a09f96e903166f2962","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-510","next":"us-md/md.-code-financial-institutions-11-511.1"},"notice":"GroundRules: Original legal text. Not legal advice."}