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1066
LAWS OF MARYLAND
Ch. 352
have the right to a hearing before said Commissioner to be
governed by the Administrative Procedures Act.
(C) (1) A MORTGAGE BROKER, IN ANY ADVERTISEMENT
WITH RESPECT TO CONSUMER LOANS, SHALL DESIGNATE ITS STATUS
AS A MORTGAGE BROKER.
(2) (1)ANY REPRESENTATION IN ANY ADVERTISEMENT
THAT THE MORTGAGE BROKER IS ALSO OFFERING ITS SERVICE AS A
MORTGAGE BANKER OR OTHER LENDER SHALL CONSTITUTE AN UNFAIR
OR DECEPTIVE TRADE PRACTICE UNDER SECTION 13-301 OF THE
COMMERCIAL LAW ARTICLE.
(D) A MORTGAGE BANKER OR MORTGAGE BROKER MAY NOT
ENGAGE IN BUSINESS UNDER ANY TRADE NAME WHICH REPRESENTS OR
HAS THE TENDENCY TO REPRESENT THAT IT IS A BANK, TRUST
COMPANY, SAVINGS BANK, SAVINGS AND LOAN OR BUILDING AND LOAN
ASSOCIATION, CREDIT UNION INSURANCE COMPANY, LICENSEE UNDER
THE CONSUMER LOAN LAW OR LICENSEE UNDER THE SECONDARY
MORTGAGE LOAN LAW.
(E) ANY PERSON AGGRIEVED BY THE CONDUCT OF A MORTGAGE
BROKER IN CONNECTION WITH A CONSUMER LOAN MAY FILE A WRITTEN
COMPLAINT WITH THE BANK COMMISSIONER WHO SHALL INVESTIGATE
THE COMPLAINT. IN THE COURSE OF ANY INVESTIGATION THE BANK
COMMISSIONER MAY SUBPOENA WITNESSES, ADMINISTER OATHS,
EXAMINE AN INDIVIDUAL UNDER OATH, AND COMPEL PRODUCTION OF(1)
RECORDS, BOOKS, PAPERS, CONTRACTS, OR OTHER DOCUMENTS FROM
MORTGAGE BROKERS.
(F) (E) ANY PERSON, FIRM, PARTNERSHIP, CORPORATION
OR ASSOCIATION, WILLFULLY TRADING OR ACTING AS A MORTGAGE
BROKER OR MORTGAGE BANKER WITHOUT PRIOR REGISTRATION IS
GUILTY OF A MISDEMEANOR, AND IS SUBJECT TO A FINE OF NOT
MORE THAN $2,000 $1,000 OR IMPRISONMENT FOR NOT MORE THAN 1
YEAR 6 MONTHS OR BOTH, AT THE DISCRETION OF THE COURT.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.
Approved May 14, 1979.
CHAPTER 353
(House Bill 754)
AN ACT concerning
Retail Sales Tax - Exemption for Residential
Heating Fuels
FOR the purpose of exempting from from the retail sales tax sales
of certain heating fuels used for residential purposes;
and generally relating to the exemption of heating
fuels from the sales tax.
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