§ 11-613. Investigations by Commissioner
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2009
Effective: July 1, 2009
MD Code, Financial Institutions, § 11-613
§ 11-613. Investigations by Commissioner
(a)(1) Any person aggrieved by the conduct of a licensee under this subtitle in connection with a mortgage loan may file a written complaint with the Commissioner who shall investigate the complaint.
(2) The Commissioner may make any other investigation of a licensee if the Commissioner has reasonable cause to believe that the licensee has violated any provision of this subtitle, of any regulation adopted under this subtitle, or of any other law regulating mortgage lending or mortgage origination in the State.
(b) In addition to the requirements of this section, an affiliated insurance producer-mortgage loan originator licensed under § 11-603.1 of this subtitle shall be subject to the provisions of §§ 11-513 and 11-515 of this title:
(c) A licensee shall pay to the Commissioner a per-day fee set by the Commissioner for each of the Commissioner's employees engaged in any investigation conducted under this section that the Commissioner reasonably considers necessary.
(d) In connection with an investigation made under this section, the Commissioner may:
(e)(1) If a person fails to comply with a subpoena or summons of the Commissioner under this subtitle or to testify concerning any matter about which the person may be interrogated under this subtitle, the Commissioner may file a petition for enforcement with the circuit court for a county.
Credits
Added by Acts 2005, c. 590, § 1, eff. Oct. 1, 2005. Amended by Acts 2008, c. 7, § 2, eff. June 1, 2008; Acts 2008, c. 8, § 2, eff. June 1, 2008; Acts 2009, c. 4, § 1, eff. July 1, 2009.
MD Code, Financial Institutions, § 11-613, MD FIN INST § 11-613
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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