Maryland Financial Institutions Section 11-510

      (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.