Md. Code, Financial Institutions § 11-216
This is the official text of Md. Code, Financial Institutions § 11-216, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§11–216.
Official statutory text
(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.
(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.
(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.
(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.
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.