Section 11-403 - License required; local licenses prohibited.
§ 11-403. License required; local licenses prohibited.
(a) License required.- Except as otherwise provided in this subtitle, a person may not engage in business as a sales finance company unless the person is licensed by the Commissioner.
(b) Separate licenses required.- A separate license is required for each place of business where a person engages in business as a sales finance company.
(c) Local licenses prohibited.- A political subdivision may not require a licensee to have a local license or pay a local fee for permission to engage in business as a sales finance company.
[An. Code 1957, art. 83, §§ 154, 157; 1980, ch. 33, § 2.]