2015 Maryland Code
FINANCIAL INSTITUTIONS
Title 12 - MISCELLANEOUS INSTITUTIONS AND ACTIVITIES
Subtitle 4 - MARYLAND MONEY TRANSMISSION ACT
§ 12-423 - Investigatory powers of Commissioner

(a) Commissioner may investigate. -- To discover any violations of this subtitle or to obtain any information required by this subtitle, the Commissioner at any time may investigate the business of:

(1) Any licensee;

(2) Any person who is engaged or participating in the business of money transmission, whether as authorized delegate, principal, agent, or otherwise; and

(3) Any other person who the Commissioner has cause to believe is violating this subtitle or any regulation adopted under this subtitle whether that person claims to be within or beyond the scope of this subtitle.

(b) Access; examination under oath. -- For the purposes of this section, the Commissioner:

(1) Shall be given access to the place of business, books, papers, records, safes, and vaults of the person under investigation; and

(2) May summon and examine under oath any person whose testimony the Commissioner requires.

(c) Failure to comply with subpoena or summons. --

(1) If a person fails to comply with a subpoena or summons of the Commissioner under this subtitle or to testify concerning any matter about which the person may be interrogated under this subtitle, the Commissioner may file a petition for enforcement with the circuit court for any county.

(2) On petition by the Commissioner, the court may order the person to attend and testify or produce evidence.