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§ 11-614. Orders from Commissioner to stop doing business

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 6. Mortgage Loan Originators (Refs & Annos)
MD Code, Financial Institutions, § 11-614
§ 11-614. Orders from Commissioner to stop doing business
In general
(a) If the Commissioner finds that the conduct of any other business conceals a violation or evasion of this subtitle or any rule or regulation adopted under this subtitle, or any law regulating mortgage lending or mortgage origination in the State, the Commissioner may issue a written order to a licensee to stop doing business:
(1) At any place in which the other business is conducted or solicited; or
(2) In association or conjunction with the other business.
Penalties for violation of order
(b) A licensee who violates an order of the Commissioner issued under this section shall be subject to the penalties provided by § 11-615 of this subtitle.
Petitions seeking enforcement of order
(c) The Commissioner may file a petition in the circuit court for a county seeking enforcement of an order under this section.

Credits

Added by Acts 2005, c. 590, § 1, eff. Oct. 1, 2005.
MD Code, Financial Institutions, § 11-614, MD FIN INST § 11-614
Current through all legislation from the 2020 Regular Session of the General Assembly.
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