Maryland § 7-306
Full text of Maryland Maryland Code § 7-306, with citation guidance and answers to common questions.
§ 7-306.
(a) An initial license term shall:
(1) begin on the date the license is issued; and
(2) expire on December 31 of the year:
(i) in which the license is issued, if the license is issued before November 1; or
(ii) immediately following the year in which the license is issued, if the license is issued on or after November 1.
(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:
(1) is otherwise entitled to be licensed;
(2) pays to the Board a nonrefundable renewal fee set by the Board;
(3) submits a renewal application in the form and in accordance with the process that the Board requires; and
(4) files as part of the application a surety bond as required under § 7–304 of this subtitle.
(c) To the extent required or permitted by NMLS, the Board may determine that licenses issued under this subtitle shall expire on a staggered basis.
(d) 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 § 7–301(d) of this subtitle.
Frequently Asked Questions About Maryland § 7-306
What does Maryland Code § 7-306 cover?
Section 7-306 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-306?
A common citation format is "Maryland Code § 7-306" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.