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§ 11-510. Denial of license

MD Fin Inst Code § 11-510 (2019) (N/A)
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(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.

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§ 11-509. Investigation of applicant; issuance of license
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