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<section article="gbo" article_name="Business Occupations and Professions" number="17-412" title_number="17" title_name="Real Estate Brokers" subtitle_number="4" subtitle_name="Real Estate Guaranty Fund">
  <level label="a">
    <text>If the Commission orders payment by the Guaranty Fund of a claim based on an act or omission for which a licensee is responsible, the Commission immediately and without further proceedings shall suspend the license of the licensee.</text>
  </level>
  <level label="b">
    <text>The Commission may not reinstate a license that is suspended under this section until the individual whose license was suspended:</text>
    <level label="1">
      <text>repays in full:</text>
      <level label="i">
        <text>the amount paid by the Guaranty Fund; and</text>
      </level>
      <level label="ii">
        <text>the interest due under § 17-411(a)(2) of this subtitle; and</text>
      </level>
    </level>
    <level label="2">
      <text>applies to the Commission for reinstatement of the license.</text>
    </level>
  </level>
  <level label="c">
    <text>Regardless of whether the disciplinary sanction was imposed for the same act or omission that gave rise to the claim against the Guaranty Fund, the reimbursement of the Guaranty Fund by a licensee does not affect any sanction imposed by the Commission against an individual under the disciplinary provisions of Subtitle 3 of this title.</text>
  </level>
</section>
