Section 12-923 – Investigation
(a) 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) A licensee; (2) A person that is engaged or participating in the business of providing debt management services; and (3) Any other person that the Commissioner has cause to believe is […]
Section 12-924 – On-Site Examination
(a) The Commissioner may conduct an on-site examination of a licensee with or without prior notice. (b) The licensee shall pay all reasonably incurred costs directly related to an examination conducted under this section, including the travel expenses, lodging expenses, and a per diem for examiners. (c) An on-site examination may be conducted in conjunction with an examination […]
Section 12-925 – License Number to Be Included in Advertisement
A licensee shall include in any advertisement the licensee’s unique identifier.
Section 12-926 – Denial, Suspension, Revocation of License
(a) Except as provided in subsection (c) of this section, and subject to the hearing provisions of § 12-927 of this subtitle, the Commissioner may deny a license to an applicant, reprimand a licensee, or suspend or revoke the license of a licensee if the applicant or licensee or an owner, officer, director, or principal of […]
Section 12-927 – Hearing
(a) Before the Commissioner denies an application for a license under § 12-910 of this subtitle or takes any action under § 12-926 of this subtitle, the Commissioner shall give the applicant or licensee an opportunity for a hearing. (b) Notice of the hearing shall be given and the hearing shall be held in accordance with Title […]
Section 12-912 – Term, Expiration, and Renewal of License
(a) An initial license term shall: (1) Begin on the date the license is issued; and (2) Expire on December 31 of the year: (i) In which the license is issued, if the license is issued before November 1; or (ii) Immediately following the year that the license is issued, if the license is issued on or after November 1. […]
Section 12-928 – Enforcement of Subtitle
(a) (1) The Commissioner may enforce the provisions of this subtitle and regulations adopted under this subtitle by: (i) Issuing an order requiring the violator: 1. To cease and desist from the violation and any further similar violations; and 2. To take affirmative action to correct the violation, including the restitution of money or property to any person aggrieved by […]
Section 12-802 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Currency” means currency and coin of the United States or any other country. (c) “Department” means the Maryland Department of Labor. (d) (1) “Financial institution” means: (i) A national banking association; (ii) A State banking institution; (iii) A credit union that is organized under the laws of this State or of […]
Section 12-803 – Reports of Transactions in Excess of $10,000
(a) A financial institution shall keep a record of currency transactions in excess of $10,000 and shall file with the Department within 15 days of the date of the transaction pursuant to regulations adopted by the Secretary a complete report of currency transactions in excess of $10,000. (b) The reporting requirements of this section are complied with […]
Section 12-804 – Access to Reports
(a) The Department of Public Safety and Correctional Services and the Office of the Attorney General shall have access to and shall be authorized to inspect and copy any reports filed with the Department under this article. (b) The Department may make the contents of a report available to other criminal justice agencies only for purposes of […]