Section 11-215 – Cease and Desist Orders
(a) Subject to the hearing provisions of § 11-217 of this subtitle, the Commissioner may order a licensee or any other person to cease and desist from a course of conduct if the course of conduct results in an evasion or violation of the Maryland Consumer Loan Law or of any rule or regulation adopted under […]
Section 11-216 – Suspensions and Revocations
(a) Subject to the hearing provisions of § 11-217 of this subtitle, the Commissioner may suspend or revoke the license of any licensee who: (1) Violates any provision of the Maryland Consumer Loan Law; or (2) Knowingly and repeatedly violates any provision of the Maryland Consumer Debt Collection Act. (b) (1) The Commissioner shall revoke the license of any licensee […]
Section 11-217 – Hearings
(a) Before the Commissioner takes any action under § 11-215 or § 11-216(a) 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.
Section 11-218 – Judicial Review
(a) Any applicant for a license or any licensee who is aggrieved by a decision of the Commissioner to deny an application for or suspend or revoke a license may appeal: (1) To the circuit court for the county in which the aggrieved person resides or did business; or (2) To the Circuit Court for Baltimore City. (b) An […]
Section 11-219 – Sale of Loan Account to Unlicensed Person
(a) A licensee may not sell a loan account to any person who is not licensed under this subtitle. (b) A loan account that is acquired by a person who is not licensed under this subtitle is not enforceable.
Section 11-220 – Reporting of Criminal Violations
The Commissioner shall report to the appropriate State’s Attorney any alleged criminal violation of the Maryland Consumer Loan Law.
Section 11-221 – Interpretation and Construction of Subtitle
This subtitle shall be interpreted and construed to effectuate its general remedial purpose.
Section 11-222 – Penalties
Any person who violates any provision of § 11–203.1(a) 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 11-223 – Short Titles
(a) This subtitle may be cited as the Maryland Consumer Loan Law – Licensing Provisions. (b) This subtitle and the Maryland Consumer Loan Law – Credit Provisions may be cited jointly as the Maryland Consumer Loan Law.
Section 11-208 – Contents and Scope of Licenses; Additional Licenses
(a) (1) Each license provided for through NMLS shall include the following information: (i) The name of the licensee; (ii) The address of the location at which the business is to be conducted; and (iii) The unique identifier of the licensee. (2) The unique identifier of the licensee shall constitute the license number for the license. (b) (1) A license authorizes the licensee […]