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Session Laws, 1975
Volume 716, Page 507   View pdf image
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MARVIN MANDEL, Governor

507

(B)   NOTICE OF HEARING.

THE COMMISSIONER SHALL GIVE TO THE PERSON COMPLAINED
AGAINST AT LEAST TEN DAYS WRITTEN NOTICE OF THE COMPLAINT
AND THE TIME AND PLACE OF ANY HEARING. THE NOTICE SHALL
BE IN WRITING AND SENT BY REGISTERED OR CERTIFIED MAIL TO
HIS PRINCIPAL PLACE OF BUSINESS.

(C)   CEASE AND DESIST ORDER.

(1)    IF, AFTER THE HEARING, THE COMMISSIONER
FINDS THAT A PERSON HAS ENGAGED OR IS ENGAGING IN ANY ACT
OR PRACTICE PROHIBITED BY PART II OF THIS SUBTITLE, HE
SHALL ORDER THE PERSON TO CEASE AND DESIST FROM THE ACT
OR PRACTICE,

(2)    THE ORDER OF TEE COMMISSIONER SHALL
COMPLY WITH THE ADMINISTRATIVE PROCEDURE ACT OF THE CODE.

(D)   FINALITY OF ORDER.

(1) IF NO APPEAL IS FILED, THE ORDER BECOMES
FINAL AFTER EXPIRATION OF THE TIME ALLOWED BY THE
ADMINISTRATIVE PROCEDURE ACT FOR APPEALS FROM THE
COMMISSIONER'S ORDER.

(2) IF AN APPEAL IS FILED, THE ORDER BECOMES
FINAL AFTER FINAL DECISION OF THE COURT AFFIRMING THE
ORDER OR DISMISSING THE APPEAL.

(E)   EXCEPTION.

FOR THE PURPOSES OF THIS SECTION, THE COMMISSIONER'S
ORDER MAY NOT APPLY TO ANY:

(1)   INCORPORATED BANK, SAVINGS INSTITUTION,
OR TRUST COMPANY; OR

(2)     A SAVINGS AND LOAN [[CORPORATION]]
ASSOCIATION.

REVISOR'S NOTE: This section presently appears as
Art. 83, §149A.

The reference to the "Commissioner of Small
Loans" is corrected to "Commissioner of
Consumer Credit."

In subsection (b) of this section, reference
to "certified" mail is added for purposes of
clarity. This is in accord with Art. 1, §20
which provides that registered and certified
mail may each serve as alternatives to the
other.

 

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Session Laws, 1975
Volume 716, Page 507   View pdf image
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