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Session Laws, 1968
Volume 683, Page 662   View pdf image
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662                                   LAWS OF MARYLAND                           CH. 439

2.

Application for such license shall be in writing, on forms to be
approved by the Administrator of Loan Laws, and shall contain the
full name and address, both of the residence and place of business,
of the applicant, and if the applicant is a copartnership, of every
member thereof, or if a corporation or association, of each officer
thereof, also the county and municipality, with street and number, if
any, where the business is to be conducted. Every such applicant,
at the time of making such application, shall pay to the Administrator
of Loan Laws the sum of [two hundred dollars ($200.00)] three
hundred dollars ($300.00)
as an annual license fee and in full pay-
ment of all expenses for examinations under, and administration
of this article; provided, that if the license is issued for a period
of less than twelve months, the license fee shall be prorated accord-
ing to the number of months that said license shall run.

6.

The Administrator of Loan Laws may, upon notice to the licensee
and reasonable opportunity to be heard, revoke or suspend such
license upon the finding that the licensee has violated any provision
of this Article; and in case the licensee shall be convicted by a
court a second time of a violation of [Section 16] Sections 16, 16A
or 19
of this article, the Administrator of Loan Laws shall revoke
such license; provided that the second offense shall have occurred
after a prior conviction, in which case another license shall not be
issued to such licensee. Upon revoking or suspending any license,
the Administrator shall file in his office his finding and a statement
of all facts considered by him upon which said finding is based.

9.

No person, copartnership, association or corporation so licensed
shall make any loan or transact any business provided for by this
article, 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, at any
other place of business than that designated in the license, but the
Administrator of Loan Laws may issue more than one license to the
licensee upon the payment of an additional license fee and the filing
of an additional bond for each license. Nothing in this Section shall
be construed to prohibit the making of loans by mail, nor at the
request of the individual borrower, to prohibit
AS an accommodation
to such individual borrower by reason of sickness,
OR hours of em-
ployment, or the like
, subject however to the provisions of this
article and rules and regulations promulgated by the Administrator
of Loan Laws.

11.

(a) The Administrator of Loan Laws, for the purpose of discover-
ing violations of this article, may either personally or by any person
designated by him, at any time and as often as he may desire,
investigate the loans and business of every licensee and of every
person, co-partnership, and corporation by whom or for which any
such loan shall be made, whether such person, co-partnership or

 

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Session Laws, 1968
Volume 683, Page 662   View pdf image
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