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<section article="gfi" article_name="Financial Institutions" number="11-510" title_number="11" title_name="Consumer Credit" subtitle_number="5" subtitle_name="Maryland Mortgage Lender Law">
  <level label="a">
    <text>If an applicant does not meet the requirements of this subtitle, the Commissioner shall:</text>
    <level label="1">
      <text>Immediately notify the applicant in writing of this fact;</text>
    </level>
    <level label="2">
      <text>Return the bond filed under § 11-508 of this subtitle;</text>
    </level>
    <level label="3">
      <text>Refund the license fee; and</text>
    </level>
    <level label="4">
      <text>Keep the investigation fee.</text>
    </level>
  </level>
  <level label="b">
    <text>Within 30 days after the Commissioner denies an application, the Commissioner shall:</text>
    <level label="1">
      <text>File in the Commissioner’s office a written decision containing the findings and conclusions on which the denial was based;</text>
    </level>
    <level label="2">
      <text>Send a copy of the decision to the applicant; and</text>
    </level>
    <level label="3">
      <text>Advise the applicant by certified mail of the applicant’s right to a hearing to be held in accordance with the Administrative Procedure Act.</text>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>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.</text>
    </level>
    <level label="2">
      <text>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.</text>
    </level>
  </level>
</section>
