§ 12-109. Approval or denial of license
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2017
Effective: July 1, 2017
MD Code, Financial Institutions, § 12-109
§ 12-109. Approval or denial of license
(a) When an applicant for a license files the application and pays the fees required by § 12-108 of this subtitle, the Commissioner shall investigate the facts relevant to the application to determine if the applicant meets the requirements of this subtitle.
(b) Unless the Commissioner and an applicant agree in writing to extend the time, the Commissioner shall approve or deny each application for a license within 60 days after the date on which the complete application is filed and the fees are paid.
(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
(d)(1) If an applicant does not meet the requirements of this subtitle, the Commissioner shall:
Credits
Added by Acts 2000, c. 614, § 2, eff. Oct. 1, 2000. Amended by Acts 2017, c. 253, § 1, eff. July 1, 2017.
MD Code, Financial Institutions, § 12-109, MD FIN INST § 12-109
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |