§ 11-510

Maryland § 11-510

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 11

Text

(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.