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§ 11-509. Approval or denial of license

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 5. Maryland Mortgage Lender Law (Refs & Annos)
MD Code, Financial Institutions, § 11-509
§ 11-509. Approval or denial of license
Currentness
Investigation by Commissioner
(a) When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.
Deadline for determination
(b) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.
Duty of Commissioner to issue license to qualified applicants
(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.

Credits

Added by Acts 1989, c. 476, § 3, eff. July 1, 1989. Amended by Acts 2005, c. 132, § 1, eff. Oct. 1, 2005.
MD Code, Financial Institutions, § 11-509, MD FIN INST § 11-509
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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