# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 5. Maryland Mortgage Lender Law

#### Section 11-510

(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 Sec. 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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)