(a) If the Commissioner denies an application, the Commissioner:
(1) Within 10 days, shall notify the applicant, in writing, of the denial; and
(2) Shall keep the license fee and the investigation fee.
(b) Within 30 days after the Commissioner denies an application, the Commissioner shall:
(1) Issue a written decision containing the specific factual findings and conclusions of law on which the denial was based;
(2) Send a copy of the written decision by certified mail 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) An applicant who seeks a hearing on an application denial shall file with the Commissioner’s office a written request for a hearing within 45 days after receipt of the Commissioner’s written decision and notice of the applicant’s right to a hearing.
Structure Maryland Statutes
Subtitle 6 - Mortgage Loan Originators
Section 11-602 - General Consideration
Section 11-603 - Powers of Licensees
Section 11-603.1 - Affiliated Insurance Producer-Mortgage Loan Originator
Section 11-605 - Qualifications for License
Section 11-606 - Prelicensing Education Courses
Section 11-606.1 - Written Tests
Section 11-607 - Investigation and Approval
Section 11-608 - Denial of Application
Section 11-609 - Term, Expiration, and Renewal of License
Section 11-610 - Nondepository Special Fund
Section 11-611 - Appropriations
Section 11-612 - Continuing Education
Section 11-612.1 - Regulations -- Fees
Section 11-612.2 - Expedited Licensing of Service Member, Veteran, or Military Spouse
Section 11-613 - Investigations
Section 11-614 - Order to Stop Operations
Section 11-615 - Violations; Penalties
Section 11-617 - Criminal Sanctions for Willful Violations
Section 11-618 - Mortgage Lender Not Relieved of Responsibility by Employment of Mortgage Originator
Section 11-620 - Confidentiality of Information
Section 11-621 - Registration of Employees of Nonfederally Insured Credit Unions
Section 11-622 - Reports to Nationwide Mortgage Licensing System and Registry; Regulations