2013 Maryland Code
HUMAN SERVICES
§ 10-456 - Deposits
§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.
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.
