(a) When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.
(b) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.
(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
Structure Maryland Statutes
Subtitle 5 - Maryland Mortgage Lender Law
Section 11-502 - Applicability
Section 11-503 - Rules and Regulations
Section 11-503.1 - Fee Regulations
Section 11-504 - License or Registration Requirement
Section 11-505 - Licenses and Licensees Generally
Section 11-506 - Qualifications for License
Section 11-506.1 - Exemptions From License Requirement; Fingerprinting
Section 11-507 - Applications for Licenses
Section 11-508.1 - Lender Net Worth Requirements
Section 11-509 - Investigation of Applicant; Issuance of License
Section 11-510 - Denial of License
Section 11-511 - Term and Renewal of Licenses
Section 11-511.1 - Continuing Education
Section 11-512 - Change of Place of Business; Change in Control
Section 11-512.1 - Information Posted by Licensee at Licensed Location and on Website -- Exclusion
Section 11-513 - Books and Records
Section 11-513.1 - Quarterly Call Reports
Section 11-514 - Surrender of License
Section 11-515 - Investigatory Powers and Duties of Commissioner; Complaints
Section 11-516 - Order to Stop Doing Business
Section 11-519 - Reinstatement of Suspended License; Issuance of New License After Revocation