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§ 11-516. Cease and desist orders

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, § 11-516
§ 11-516. Cease and desist orders
Currentness
In general
(a) If the Commissioner finds that the conduct of any other business conceals a violation or evasion of this subtitle or of any rule or regulation adopted under this subtitle, or of any law regulating mortgage loan lending in the State, the Commissioner may issue a written order to a licensee to:
(1) Stop doing business at any place in which the other business is conducted or solicited; or
(2) Stop doing business in association or conjunction with the other business.
Penalties for violation of order
(b) A licensee who violates an order of the Commissioner issued under this section shall be subject to the penalties provided by § 11-517 of this subtitle.
Enforcement of order
(c) The Commissioner may file a petition in the circuit court for any county seeking enforcement of an order under this section.

Credits

Added by Acts 1989, c. 476, § 3, eff. July 1, 1989.
MD Code, Financial Institutions, § 11-516, MD FIN INST § 11-516
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.
End of Document