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§ 11-216. Suspension or revocation of license

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, § 11-216
§ 11-216. Suspension or revocation of license
In general
(a) Subject to the hearing provisions of § 11-217 of this subtitle, the Commissioner may suspend or revoke the license of any licensee who:
(1) Violates any provision of the Maryland Consumer Loan Law; or
(2) Knowingly and repeatedly violates any provision of the Maryland Consumer Debt Collection Act.1
Revocation of license
(b)(1) The Commissioner shall revoke the license of any licensee who is convicted twice of violating § 12-316 of the Commercial Law Article if the second violation occurs after the first conviction.
(2) The Commissioner may not issue another license to any person whose license is revoked under this subsection.
Findings and statement of facts
(c) If the Commissioner suspends or revokes a license, the Commissioner shall file in the Commissioner's office:
(1) Findings; and
(2) A statement of all the facts on which the findings are based.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 58A, § 6.

Footnotes

Commercial Law, § 14-201 et seq.
MD Code, Financial Institutions, § 11-216, MD FIN INST § 11-216
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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