766                             LAWS OF MARYLAND                      [CH. 390

46.

Within ninety days after the filing of the application and the
payment of the fees hereinafter set forth the Commissioner shall
either:

(a)  Issue and deliver to the applicant a license to engage in the
business of making or negotiating secondary mortgage loans in ac-
cordance with the provisions of this subtitle at the location specified
in the said application; or

(b)  Refuse to issue the license for any reason for which the Com-
missioner may suspend, revoke or refuse to renew any license under
Section 50 of this subtitle.

47.

If the Commissioner refuses to issue a license he shall:

(a)  Notify the applicant of the denial and of his right to request
a hearing within 10 days.

(b)  If the applicant requests such a hearing, give notice of the
grounds for refusal and hold a hearing thereon. Within twenty days
thereafter the Commissioner shall file a written decision containing
his findings and conclusions and serve a copy thereof upon the
applicant.

No person, copartnership, or corporation so licensed shall engage
in the secondary mortgage loan business, under any other name, or
at any other place of business, than that named in the license. Not
more than one place of business shall be maintained under the same
license and no loans or advancements shall be made, applications
received, notes or contracts signed or mortgage, deed of trust or
other evidence of indebtedness executed at any other place than that
designated in the license, OR THE OFFICE OF THE LENDER'S
ATTORNEY but the Commissioner may issue more than one license
to the licensee upon the payment of an additional licensee fee and
the filing of an additional bond for each license. No licensee shall
shall conduct the business of making loans under this subtitle within
any office, room or place of business in which any other business is
solicited or engaged in, or in association or conjunction therewith,
unless the licensee has the written permission of the Commissioner
to do so. IF THE COMMISSIONER SHALL DULY FIND AND
ESTABLISH THAT THE OPERATION OF SUCH OTHER BUSI-
NESS HAS CONCEALED EVASION OR VIOLATION OF THIS
SUBTITLE OR OF THE RULES AND REGULATIONS LAW-
FULLY MADE HEREUNDER AND SHALL THEREAFTER
ORDER SUCH LICENSEE IN WRITING TO DESIST FROM
SUCH CONDUCT.

49.

Prior to any change by a licensee of his place of business, he shall
give written notice thereof to the Commissioner, who in the event
that he consents, shall prepare and forward to the licensee a nota-
tion of the new address to be thereafter displayed with the license.

48.