Md. Code, Financial Institutions § 11-510
This is the official text of Md. Code, Financial Institutions § 11-510, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§11–510.
Official statutory text
(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.
(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.
(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.
(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.
(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.
(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.
Status: in_force · Read it on the official government site
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