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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 11. CONSUMER CREDIT |
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SUBTITLE 4. SALES FINANCE COMPANIES -- LICENSING PROVISIONS |
§ 11-415. Hearings
Latest version.
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(a) Right to a hearing. -- Before the Commissioner takes any action under § 11-414 of this subtitle, the Commissioner shall give the licensee an opportunity for a hearing before the Commissioner.
(b) Application of Administrative Procedure Act. -- Notice of the hearing shall be given and the hearing shall be held in accordance with the Administrative Procedure Act.
(c) Specific notice requirements. -- The hearing notice to be given to the licensee shall be sent by certified mail, return receipt requested, bearing a postmark from the United States Postal Service, to the principal place of business of the licensee in this State at least 10 days before the hearing.
(d) Order suspending or revoking a license. -- An order suspending or revoking a license shall state the grounds on which it is based and is not effective until 10 days after written notice of the order is sent to the licensee by certified mail, return receipt requested, bearing a postmark from the United States Postal Service, to the principal place of business of the licensee in this State.
(e) Commissioner to adopt rules and regulations. -- The Commissioner shall adopt rules and regulations for:
(1) The conduct of hearings; and
(2) The form of findings and orders.