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§ 11-214. Investigations by Commissioner

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 2. Consumer Loans--Licensing Provisions (Refs & Annos)
MD Code, Financial Institutions, § 11-214
§ 11-214. Investigations by Commissioner
In general
(a) To discover any violations of the Maryland Consumer Loan Law, the Commissioner, at any time and as often as the Commissioner considers appropriate, may investigate the loans made by and the business of:
(1) Any licensee; or
(2) Any other person who makes a loan or on whose behalf a loan is made, whether or not that person:
(i) Acts or claims to act as a principal, agent, or broker; or
(ii) Acts or claims to act under the Maryland Consumer Loan Law.
Access to books, papers, and testimony
(b) For the purposes of this section, the Commissioner:
(1) Shall be given access to any books, papers, records, safes, or vaults of the person under investigation; and
(2) May examine under oath any person whose testimony the Commissioner requires.


Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 58A, § 11.
MD Code, Financial Institutions, § 11-214, MD FIN INST § 11-214
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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