§ 10-456

(a) A provider may collect deposits from prospective subscribers if:

(1) the Department has approved the provider’s feasibility study; and

(2) the provider maintains the funds collected in an escrow account.

(b) Deposits collected under subsection (a) of this section shall be held in escrow until:

(1) the provider has been issued a certificate of registration under § 10-458 of this subtitle; or

(2) a later time that the Department may set by regulation.