§ 11–510
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 11-510 (2026)
Title 11. Consumer Credit
Subtitle 5. Maryland Mortgage Lender Law
§ 11–510LinkCopy Citation
(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.