1924

LAWS OF MARYLAND

Ch. 612

LICENSE SHALL EXPIRE ON JUNE 30 FOLLOWING THE DATE OF ISSUE
AND MAY BE ANNUALLY RENEWED UPON PAYMENT OF ALL REQUIRED

FEES.

(I)         EVERY LICENSEE, WITHIN TEN DAYS AFTER A CHANGE OF

CONTROL IN OWNERSHIP, MANAGEMENT, OR A CHANGE OF ADDRESS OR
TRADE NAME, SHALL NOTIFY THE COMMISSION OF THE CHANGE.

(J)         THE COMMISSION AT ANY TIME MAY REQUIRE: (1)

REASONABLE INFORMATION OF AN APPLICANT OR LICENSEE, AND 2)
THE PRODUCTION OF BOOKS OF ACCOUNTS, AND FINANCIAL

STATEMENTS, AND (3) OTHER RECORDS AND INFORMATION WHICH

RELATE TO THE APPLICANT'S OR LICENSEE'S IMPROVEMENT

ACTIVITIES, QUALIFICATIONS, AND COMPLIANCE WITH THIS

SUBTITLE.

258.

(A)    FOR THE PROTECTION OF THE PEOPLE OF THIS STATE,
THE COMMISSION MAY REFUSE TO GRANT A LICENSE TO ANY
APPLICANT OR MAY SUSPEND OR REVOKE THE LICENSE OF ANY
LICENSEE, IF IT FINDS THAT THE APPLICANT OR LICENSEE OR THE
MANAGEMENT PERSONNEL OF THE APPLICANT OR LICENSEE:

(1)    HAS MADE A MATERIAL OMISSION OR
MISREPRESENTATION OF FACT ON AN APPLICATION FOR A LICENSE;

(2)    HAS FAILED TO FURNISH INFORMATION TO THE
COMMISSION CONCERNING AN APPLICATION FOR A LICENSE AS
REQUIRED BY THIS SUBTITLE;

(3)    HAS FAILED TO PASS THE EXAMINATION REQUIRED
BY THIS SUBTITLE;

(4)    HAS BEEN CONVICTED OF A CRIME OF MORAL

TURPITUDE FELONY;

(5)    HAS CONSISTENTLY FAILED TO PERFORM
CONTRACTS, OR HAS MANIPULATED ASSETS OR ACCOUNTS, OR HAS
ENGAGED IN A PRACTICE OF FRAUD OR BAD FAITH; OR

(6)    HAS VIOLATED ANY PROVISION OF THIS SUBTITLE
OR IS PERFORMING OR ATTEMPTING TO PERFORM ANY ACT PROHIBITED
BY THIS SUBTITLE.

(B)    THE COMMISSION MAY REFUSE TO GRANT A LICENSE TO
ANY CONTRACTOR OR SUBCONTRACTOR, OR MAY SUSPEND OR REVOKE
THE LICENSE OF ANY CONTRACTOR OR SUBCONTRACTOR, IF IT FINDS
THAT THE CONTRACTOR OR SUBCONTRACTOR OF. THE CONTRACTOR'S OR

SUBCONTRACTOR'S MANAGEMENT PERSONNEL:

(1) HAS FAILED TO EVIDENCE FINANCIAL SOLVENCY.
A DETERMINATION OF FINANCIAL SOLVENCY BY THE COMMISSION
SHALL TAKE INTO ACCOUNT THE INTENDED SCOPE AND SIZE OF THE
PERSON'S BUSINESS IN RELATION TO THE PERSON'S TOTAL CURRENT
ASSETS, LIABILITIES, CREDIT RATING, AND NET WORTH. THE
FINANCIAL INFORMATION SHALL BE CONFIDENTIAL AND NOT A PUBLIC
RECORD, BUT, WHERE RELEVANT, SHALL BE ADMISSIBLE AS EVIDENCE