Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 12. MISCELLANEOUS INSTITUTIONS AND ACTIVITIES |
SUBTITLE 1. CHECK CASHING SERVICES |
§ 12-109. Licensing -- Application investigation; approval or denial
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(a) Investigations. -- When an applicant for a license files the application and pays the fees required by § 12-108 of this subtitle, the Commissioner shall investigate the facts relevant to the application to determine if the applicant meets the requirements of this subtitle.
(b) 60 day period. -- Unless the Commissioner and an applicant agree in writing to extend the time, the Commissioner shall approve or deny each application for a license within 60 days after the date when the complete application is filed and the fees are paid.
(c) Approval. -- The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
(d) Denial. --
(1) If an applicant does not meet the requirements of this subtitle, the Commissioner shall:
(i) Deny the application;
(ii) Notify the applicant immediately of the denial;
(iii) Refund the license fee; and
(iv) Retain the investigation fee.
(2) Within 10 days after the Commissioner denies an application, the Commissioner shall:
(i) File in the Commissioner's office written findings and a summary of the evidence supporting them; and
(ii) Send a copy of the findings and summary to the applicant.