Section 11-506 – Qualifications for License
(a) To qualify for a license, an applicant shall satisfy the Commissioner that the applicant is of good moral character and has sufficient financial responsibility, business experience, and general fitness to: (1) Engage in business as a mortgage lender; (2) Warrant the belief that the business will be conducted lawfully, honestly, fairly, and efficiently; and (3) Command the confidence […]
Section 11-506.1 – Exemptions From License Requirement; Fingerprinting
(a) This section does not apply to any corporation the securities of which are exempt from registration under § 11–601(8) or (12) of the Corporations and Associations Article. (b) In connection with an initial application for a license under § 11–507 of this subtitle, and at any other time the Commissioner requests, an applicant or licensee shall […]
Section 11-412.1 – Confidentiality of Information
(a) (1) The requirements under any federal law and Title 4, Subtitles 1 through 4 of the General Provisions Article regarding the privacy or confidentiality of information or material provided to NMLS and any privilege arising under federal or state law, including the rules of any federal or state court with respect to that information or material, […]
Section 11-413 – Investigatory Powers of Commissioner
(a) The Commissioner may not examine or audit any licensee or other person except as expressly provided in this section. (b) (1) If a buyer has reason to believe that any person has violated any provision of this subtitle or of any other law that regulates agreements, the buyer may file with the Commissioner a written complaint that […]
Section 11-414 – Suspensions and Revocations
(a) Subject to the hearing provisions of § 11-415 of this subtitle, the Commissioner may suspend or revoke the license of any licensee, if: (1) The licensee knowingly or without exercising due care: (i) Violates any provision of this subtitle or of any other law that regulates agreements; or (ii) Fails to comply with any demand or requirement that […]
Section 11-305 – Penalties
Any person who violates any provision of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $5,000 or imprisonment not exceeding 3 years or both.
Section 11-415 – Hearings
(a) Before the Commissioner takes any action under § 11-414 of this subtitle, the Commissioner shall give the licensee an opportunity for a hearing before the Commissioner. (b) Notice of the hearing shall be given and the hearing shall be held in accordance with the Administrative Procedure Act. (c) The hearing notice to be given to the licensee […]
Section 11-402 – Scope of Subtitle
The licensing provisions of this subtitle do not apply to any banking institution, national banking association, or other-state bank having a branch in this State.
Section 11-416 – Judicial Review
(a) Any person aggrieved by a decision of the Commissioner to deny an application for a license or to suspend or revoke a license may appeal to: (1) The circuit court for the county where the licensee did or has applied to do business; or (2) The Circuit Court for Baltimore City. (b) The Commissioner may stay an order […]
Section 11-402.1 – Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds
(a) All revenue received for the licensing of persons under this subtitle and any other fee, investigation fee or assessment, or revenue received by the Commissioner under this subtitle shall be: (1) Credited to the Nondepository Special Fund established under § 11–610 of this title; and (2) Used in accordance with § 11–610(c) of this title. (b) Notwithstanding subsection […]