|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VETOES
|
|
|
|
|
S.B. 660
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) IF THE APPLICANT FAILS TO QUALIFY FOR A LICENSE UNDER THIS
SUBTITLE; OR
(2) FOR ANY REASON THAT A LICENSE MAY BE REVOKED OR
SUSPENDED UNDER THIS SUBTITLE OR A MORTGAGE LENDER LICENSE MAY BE
SUSPENDED OR REVOKED UNDER § 11-517 OF THIS TITLE.
(F) THE COMMISSIONER SHALL APPROVE OR DENY AN APPLICATION WITHIN
60 DAYS AFTER THE COMMISSIONER RECEIVES A COMPLETED APPLICATION.
11-608.
(A) IF THE COMMISSIONER DENIES AN APPLICATION, THE COMMISSIONER:
(1) WITHIN 10 DAYS, SHALL NOTIFY THE APPLICANT, IN WRITING, OF
THE DENIAL;
(2) SHALL REFUND THE LICENSE FEE; AND
(3) SHALL KEEP THE INVESTIGATION FEE.
(B) WITHIN 30 DAYS AFTER THE COMMISSIONER DENIES AN APPLICATION,
THE COMMISSIONER SHALL:
(1) ISSUE A WRITTEN DECISION CONTAINING THE SPECIFIC FACTUAL
FINDINGS AND CONCLUSIONS OF LAW ON WHICH THE DENIAL WAS BASED;
(2) SEND A COPY OF THE WRITTEN DECISION BY CERTIFIED MAIL TO
THE APPLICANT; AND
(3) ADVISE THE APPLICANT BY CERTIFIED MAIL OF THE APPLICANT'S
RIGHT TO A HEARING TO BE HELD IN ACCORDANCE WITH THE ADMINISTRATIVE
PROCEDURE ACT.
(C) AN APPLICANT WHO SEEKS A HEARING ON AN APPLICATION DENIAL
SHALL FILE WITH THE COMMISSIONER'S OFFICE A WRITTEN REQUEST FOR A
HEARING WITHIN 45 DAYS AFTER RECEIPT OF THE COMMISSIONER'S WRITTEN
DECISION AND NOTICE OF THE APPLICANT'S RIGHT TO A HEARING.
11-609.
(A) A LICENSE ISSUED ON OR AFTER OCTOBER 1, 2006, EXPIRES ON DECEMBER
31 IN EACH ODD-NUMBERED YEAR AFTER DECEMBER 31, 2006, UNLESS THE LICENSE
IS RENEWED FOR A 2-YEAR TERM AS PROVIDED IN THIS SECTION.
(B) ON OR BEFORE DECEMBER 1 OF THE YEAR OF EXPIRATION, A LICENSE
MAY BE RENEWED FOR AN ADDITIONAL 2-YEAR TERM IF THE LICENSEE:
(1) OTHERWISE IS ENTITLED TO BE LICENSED;
(2) PAYS TO THE COMMISSIONER A RENEWAL FEE OF $300; AND
(3) SUBMITS TO THE COMMISSIONER:
|
|
|
|
|
|
|
|
|
|
- 3758 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
