2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 11-407 - Issuance of license or denial of application
§11-407.
(a) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application is made and the fees are paid.
(b) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
(c) (1) If the Commissioner denies an application, the Commissioner shall:
(i) Notify the applicant of the denial;
(ii) Refund the license fee to the applicant; and
(iii) Keep the investigation fee and any charges collected under § 11-406 of this subtitle.
(2) Within 20 days after the Commissioner denies an application, the Commissioner shall:
(i) File in the Commissioner’s office a written decision and statement of the reasons for denying the application; and
(ii) Send a copy of the decision and statement to the applicant.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
