§ 12-924. Examinations by Commissioner
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-924
§ 12-924. Examinations by Commissioner
(a) The Commissioner may conduct an examination of a licensee with or without prior notice.
(b) The licensee shall pay all reasonably incurred costs directly related to an examination conducted under this section, including the travel expenses, lodging expenses, and a per diem for examiners.
(c) Any examination may be conducted in conjunction with an examination performed by a representative of a responsible supervisory agency of another state.
(d)(1) The Commissioner, in lieu of an examination, may accept the examination report of a responsible supervisory agency of another state.
(e) The Commissioner may:
(1) Examine all books, accounts, and records that the Commissioner determines are necessary to conduct a complete examination, including the books, accounts, and records in the possession of a subsidiary, affiliate, or other person that relate to the operation of and services provided by the licensee's debt management services business; and
Credits
Added by Acts 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-924, MD FIN INST § 12-924
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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