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§ 11-510. Notice of 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, § 11-510
§ 11-510. Notice of denial of license
Currentness
In general
(a) If an applicant does not meet the requirements of this subtitle, the Commissioner shall:
(1) Immediately notify the applicant in writing of this fact;
(2) Return the bond filed under § 11-508 of this subtitle;
(3) Refund the license fee; and
(4) Keep the investigation fee.
Findings and conclusions relating to denial
(b) Within 30 days after the Commissioner denies an application, the Commissioner shall:
(1) File in the Commissioner's office a written decision containing the findings and conclusions on which the denial was based;
(2) Send a copy of the decision to the applicant; and
(3) Advise the applicant by certified mail of the applicant's right to a hearing to be held in accordance with the Administrative Procedure Act.1
Request for hearing
(c)(1) An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the advice to the applicant of the applicant's right to a hearing.
(2) A hearing date established in response to the filing of a notice under this subsection may be postponed only once for a period of up to 30 days after the initial hearing date.

Credits

Added by Acts 1989, c. 476, § 3, eff. July 1, 1989.

Footnotes

1
State Government § 10-101 et seq.
MD Code, Financial Institutions, § 11-510, MD FIN INST § 11-510
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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