Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 03 - COMMISSIONER OF FINANCIAL REGULATION
Chapter 09.03.02 - General Regulations
Section 09.03.02.10 - Non-Depository Licensee Assessment
Universal Citation: MD Code Reg 09.03.02.10
Current through Register Vol. 52, No. 6, March 21, 2025
A. Timing of Assessment.
(1) The Commissioner shall notify licensed
persons of an assessment no earlier than May 1 or later than June 1 of each
year regardless of whether any sum is due.
(2) The assessment shall be based on
information available to the Commissioner at the time of the
assessment.
B. Information Included in the Assessment Notice. The Commissioner shall include the following information in each notice of Assessment:
(1) The amount of the assessment, if any, due
that year;
(2) The means the
Commissioner used in calculating the licensed person's assessment;
and
(3) How the licensee can
dispute the amount of assessment if they believe it was calculated
incorrectly.
C. Impact of License Surrender Prior to Assessment.
(1)
A licensee incurs an obligation to pay an assessment on January 1 of the year
in which the assessment is imposed or on the date in which the licensee becomes
licensed, if not licensed on January 1.
(2) Surrender of a license does not relieve a
licensee of their obligation to pay an assessment.
D. Information on Assessment. In conjunction with the assessment, the Commissioner shall provide licensees with information regarding the manner in which the assessment was calculated.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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