§ 11-215. Cease and desist orders
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 11-215
§ 11-215. Cease and desist orders
(a) Subject to the hearing provisions of § 11-217 of this subtitle, the Commissioner may order a licensee or any other person to cease and desist from a course of conduct if the course of conduct results in an evasion or violation of the Maryland Consumer Loan Law or of any rule or regulation adopted under it.
(b)(1) Subject to the provisions of paragraph (2) of this subsection, when the Commissioner determines that a licensee or any other person is about to engage in an act or practice constituting an evasion or violation of the Maryland Consumer Loan Law or of any rule or regulation adopted under the Maryland Consumer Loan Law, and that immediate action against the licensee or person is in the public interest, the Commissioner may in the Commissioner's discretion issue, without a prior hearing, a summary order directing the licensee or person to cease and desist from engaging in the act or practice.
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2000, c. 633, § 1, eff. June 1, 2000.
Formerly Art. 58A, § 11.
MD Code, Financial Institutions, § 11-215, MD FIN INST § 11-215
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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