Maryland Statutes
Subtitle 1 - Check Cashing Services
Section 12-122 - Suspension and Revocation of License

(a)    Subject to the hearing provisions of § 12–123 of this subtitle, the Commissioner may suspend or revoke the license of any licensee or registration of any registrant if the licensee or registrant, or any owner, director, officer, member, partner, stockholder, employee, or agent of the licensee or registrant:
        (1)    Makes any material misstatement in an application for a license or registration;
        (2)    Is convicted under the laws of the United States or of any other state of:
            (i)    A felony; or
            (ii)    A misdemeanor that is directly related to the fitness and qualification of the person to provide check cashing services;
        (3)    In connection with any check cashing service:
            (i)    Commits any fraud;
            (ii)    Engages in any illegal or dishonest activities; or
            (iii)    Misrepresents or fails to disclose any material facts to anyone entitled to that information;
        (4)    Violates any provision of this subtitle or any rule or regulation adopted under this subtitle, or any other law regulating check cashing services in the State; or
        (5)    Otherwise demonstrates unworthiness, bad faith, dishonesty, or any other quality that indicates that the business of the licensee or registrant has not been or will not be conducted honestly, fairly, equitably, and efficiently.
    (b)    In determining whether the license of the licensee or registration of the registrant should be suspended or revoked for a reason listed in subsection (a)(2) of this section, the Commissioner shall consider:
        (1)    The nature of the crime;
        (2)    The relationship of the crime to the activities authorized by the license or registration;
        (3)    With respect to a felony, the relevance of the conviction to the fitness and qualification of the licensee or registrant to provide check cashing services;
        (4)    The length of time since the conviction; and
        (5)    The behavior and activities of the licensee or registrant since the conviction.

Structure Maryland Statutes

Maryland Statutes

Financial Institutions

Title 12 - Miscellaneous Institutions and Activities

Subtitle 1 - Check Cashing Services

Section 12-101 - Definitions

Section 12-102 - Applicability of Subtitle -- in General

Section 12-103 - Applicability of Subtitle -- Exempt Entities

Section 12-104 - Regulations

Section 12-104.1 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds

Section 12-105 - Licensing -- in General

Section 12-105.1 - Check Cashing Services by Annually Registered Business -- Requirements

Section 12-106 - Licensing -- Qualifications

Section 12-107 - Licensing -- Fingerprints; Criminal History Records Check

Section 12-107.1 - Confidentiality of Information

Section 12-108 - Licensing -- Applications

Section 12-109 - Licensing -- Application Investigation; Approval or Denial

Section 12-110 - Licensing -- Contents and Scope; More Than One License

Section 12-110.1 - Surrender of License

Section 12-111 - Licensing -- Term, Expiration, and Renewal

Section 12-112 - Licensing -- Transfer and Display

Section 12-113 - Change of Location

Section 12-114 - Books and Records -- Retention

Section 12-115 - Books and Records -- Investigation of Records

Section 12-116 - Endorsement of Payment Instrument

Section 12-117 - Compliance With Federal and State Laws

Section 12-118 - Posting of Fees

Section 12-119 - Payment of Instrument; Forms of Customer Identification

Section 12-120 - Maximum Fees; Membership Fee

Section 12-121 - Cease and Desist Orders

Section 12-122 - Suspension and Revocation of License

Section 12-123 - Notice and Hearing Requirements

Section 12-124 - Report of Alleged Criminal Violation

Section 12-125 - Criminal Penalties

Section 12-126 - Civil Penalties

Section 12-127 - Action for Damages or Injunctive Relief; Award Amounts