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§ 11-608. Notice of denial of license

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2012

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 6. Mortgage Loan Originators (Refs & Annos)
Effective: July 1, 2012
MD Code, Financial Institutions, § 11-608
§ 11-608. Notice of denial of license
Currentness
In general
(a) If the Commissioner denies an application, the Commissioner:
(1) Within 10 days, shall notify the applicant, in writing, of the denial; and
(2) Shall keep the license fee and the investigation fee.
Written decision sent to applicant
(b) Within 30 days after the Commissioner denies an application, the Commissioner shall:
(1) Issue a written decision containing the specific factual findings and conclusions of law on which the denial was based;
(2) Send a copy of the written decision by certified mail to the applicant; and
(3) Advise the applicant by certified mail of the applicant's right to a hearing to be held in accordance with the Administrative Procedure Act.1
Request for hearing
(c) An applicant who seeks a hearing on an application denial shall file with the Commissioner's office a written request for a hearing within 45 days after receipt of the Commissioner's written decision and notice of the applicant's right to a hearing.

Credits

Added by Acts 2005, c. 590, § 1, eff. Oct. 1, 2005. Amended by Acts 2012, c. 254, § 1, eff. July 1, 2012.

Footnotes

1
State Government § 10-101 et seq.
MD Code, Financial Institutions, § 11-608, MD FIN INST § 11-608
Current through all legislation from the 2020 Regular Session of the General Assembly.
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