§ 12-910. Approval or denial of application
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2017
Effective: July 1, 2017
MD Code, Financial Institutions, § 12-910
§ 12-910. Approval or denial of application
(a) After an applicant for a license files a complete application, files a surety bond, and pays the license and investigation fees required under 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 notifies an applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a license within 60 days after the date on which the complete application is filed, the surety bond is filed, and the fees are paid.
(c) The Commissioner shall issue a license to any applicant that meets the requirements of this subtitle.
(d)(1) If an applicant does not meet the requirements of this subtitle, the Commissioner:
Credits
Added by Acts 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2017, c. 253, § 1, eff. July 1, 2017.
MD Code, Financial Institutions, § 12-910, MD FIN INST § 12-910
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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