(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.
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