Sec. Reports by Registrants  

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  • A. Time for Filing.

    (1) A franchisor registered under the Maryland Franchise Law shall file a quarterly report with the Commissioner.

    (2) The first report filed under this section shall be filed not later than 90 days after the effective date of the franchisor's registration statement.

    B. Content. The reports required by §A of this regulation shall include:

    (1) The number of franchises sold in Maryland under the registration statement;

    (2) The selling price of each franchise sold in Maryland;

    (3) Graphic representations of exclusive areas, if any, sold to Maryland franchisees; and

    (4) If the Commissioner directs with respect to a particular franchisor, current financial statements of the franchisor.