SPIRO T. AGNEW, Governor                        767

50.

The Commissioner may suspend, revoke or refuse to renew any
license issued hereunder, upon ten days' notice in writing, forwarded
by registered or certified mail to the principal place of business of
such licensee, stating the contemplated action and in general the
grounds therefor, and after reasonable opportunity to be heard, if
he shall find that the licensee or any owner, director, officer, member,
partner, stockholder, employee or agent of such licensee has:

(a)  made any material misstatement in the application;

(b)  committed any fraud, engaged in any dishonest activities, or
misrepresented or failed to disclose any of the material particulars
of any secondary mortgage loan transaction to any one entitled to
such information;

(c)  violated any of the provisions of this subtitle or of any rule
or regulation promulgated pursuant thereto;

(d)  otherwise demonstrated unworthiness, bad faith, dishonesty
or any other quality indicating the business of the licensee has not
been or will not be conducted honestly, fairly, equitably and effi-
ciently within the purposes and intent of this subtitle.

51.

Any licensee may surrender his license by delivering the license
to the Commissioner with written notice that he thereby surrenders
the license, but such surrender shall not affect the licensee's civil or
criminal liability for acts committed prior to the surrender.

52.

Every license issued hereunder shall remain in force and effect
until the same shall have expired or been surrendered, revoked or
suspended in accordance with the provisions of this subtitle, but the
Commissioner may reinstate suspended licenses or issue new licenses
to a licensee whose license or licenses have been revoked, if the con-
ditions under which such licenses were revoked have been corrected
and the Commissioner is satisfied as the result of an investigation
that such conditions are not likely to recur.

58.

The Commissioner shall conduct an investigation of the business
of every licensee at least once every two years and in addition, at
any other time at his discretion or whenever there is reasonable
cause to believe that any licensee, or any other person, has violated
any of the provisions of this subtitle, or of any rules or regulations
promulgated pursuant thereto, he shall have the power to make such
investigations as may be necessary, and to examine the books,
accounts, records and files of such licensee or any other such person
believed to have violated this subtitle or any rules or regulations
promulgated pursuant thereto. To cover the costs of every such an
examination or investigation he shall be paid a per diem fee of not
more than twenty-five dollars ($25.00) for each of the examining or
investigating personnel so engaged.