Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 11. CONSUMER CREDIT |
SUBTITLE 5. MARYLAND MORTGAGE LENDER LAW |
§ 11-510. Denial of license
Latest version.
-
(a) In general. -- 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) Written decision; notice of right to hearing. -- 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) Request for hearing; postponement. --
(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.