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2019 Maryland Code
Financial Institutions
Title 11 - Consumer Credit
Subtitle 5 - Maryland Mortgage Lender Law
§ 11-509. Investigation of applicant; issuance of license
Universal Citation: MD Fin Inst Code § 11-509 (2019)
(a) When an applicant for a license files the application and bond and pays the fees required by § 11-507 of this subtitle, the Commissioner shall investigate to determine if the applicant meets the requirements of § 11-506 of this subtitle.
(b) The Commissioner shall approve or deny each application for a license within 60 days after the date when the application and bond are filed and the fees are paid.
(c) The Commissioner shall issue a license to any applicant who meets the requirements of this subtitle.
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