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Session Laws, 1967
Volume 681, Page 788   View pdf image (33K)
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788                             LAWS OF MARYLAND                      [CH. 390

The Commissioner shall have power to issue subpoenas to compel
the attendance of witnesses and the production of documents, papers,
books, records and other evidence before him in any matter over
which he has jurisdiction, control or supervision. The Commissioner
shall have the power to administer oaths and affirmations to any
person whose testimony is required.

55.

In case of a failure of any person to comply with any subpoena
issued by the Commissioner or to testify with respect to any matter
concerning which he may be lawfully interrogated, the Circuit Court
of any county or the Superior Court of Baltimore City, on applica-
tion of the Commissioner, may issue an order requiring the attend-
ance of such person and the giving of testimony or production of
evidence. Any person failing to obey the Court's order may be pun-
ished by the court as for contempt.

56.

Every licensee shall maintain at its place or places of business in
this State such books, accounts and records relating to all transac-
tions within this subtitle as will enable the Commissioner to enforce
full compliance with the provisions of this subtitle.

57.

All books, accounts and records of the licensee shall be preserved
and kept available as provided herein for such period of time as the
Commissioner may by regulation require.

58.

The Commissioner is hereby authorized to prescribe the minimum
information to be shown in such books, accounts and records of the
licensee so that such records will enable the Commissioner to deter-
mine compliance with the provisions of this subtitle.

59.

Every licensee shall annually between the first and thirtieth days
of April, file a report with the Commissioner giving such relevant
information as he may reasonably require relating to the business
and operations during the preceding calendar year for each licensed
place of business conducted by such licensee within the State pur-
suant to the provisions of this subtitle. Such report shall be made
under oath and shall be in the form prescribed by the Commissioner.
Any analyses or recapitulations of such annual reports may be avail-
able for examination or may be published, but the annual reports
shall be treated by the Commissioner as being confidential infor-
mation.

60.

No licensee LENDER shall make or offer to make any secondary
mortgage loan except within the terms and conditions authorized by
this subtitle.


 

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Session Laws, 1967
Volume 681, Page 788   View pdf image (33K)
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