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ROBERT L. EHRLICH, JR., Governor S.B. 660
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11-613.
(A) (1) ANY PERSON AGGRIEVED BY THE CONDUCT OF A LICENSEE UNDER
THIS SUBTITLE IN CONNECTION WITH A MORTGAGE LOAN MAY FILE A WRITTEN
COMPLAINT WITH THE COMMISSIONER WHO SHALL INVESTIGATE THE COMPLAINT.
(2) THE COMMISSIONER MAY MAKE ANY OTHER INVESTIGATION OF A
LICENSEE IF THE COMMISSIONER HAS REASONABLE CAUSE TO BELIEVE THAT THE
LICENSEE HAS VIOLATED ANY PROVISION OF THIS SUBTITLE, OF ANY REGULATION
ADOPTED UNDER THIS SUBTITLE, OR OF ANY OTHER LAW REGULATING MORTGAGE
LENDING OR MORTGAGE ORIGINATION IN THE STATE.
(B) A LICENSEE SHALL PAY TO THE COMMISSIONER A FEE OF NOT MORE
THAN $250 PER DAY FOR EACH OF THE COMMISSIONER'S EMPLOYEES ENGAGED IN
ANY INVESTIGATION CONDUCTED UNDER THIS SECTION THAT RESULTS IN THE
DISCOVERY OF A VIOLATION OF THIS SUBTITLE BY THE LICENSEE.
(C) IN CONNECTION WITH AN INVESTIGATION MADE UNDER THIS SECTION,
THE COMMISSIONER MAY:
(1) EXAMINE THE BOOKS AND RECORDS OF A LICENSEE OR OF ANY
OTHER PERSON THAT THE COMMISSIONER BELIEVES HAS VIOLATED A PROVISION
OF THIS SUBTITLE, ANY RULE OR REGULATION ADOPTED UNDER THIS SUBTITLE, OR
ANY OTHER LAW REGULATING MORTGAGE LENDING OR MORTGAGE ORIGINATION IN
THE STATE;
(2) SUBPOENA DOCUMENTS OR OTHER EVIDENCE; AND
(3) SUMMON AND EXAMINE UNDER OATH ANY PERSON WHOSE
TESTIMONY THE COMMISSIONER REQUIRES.
(D) (1) IF A PERSON FAILS TO COMPLY WITH A SUBPOENA OR SUMMONS OF
THE COMMISSIONER UNDER THIS SUBTITLE OR TO TESTIFY CONCERNING ANY
MATTER ABOUT WHICH THE PERSON MAY BE INTERROGATED UNDER THIS
SUBTITLE, THE COMMISSIONER MAY FILE A PETITION FOR ENFORCEMENT WITH THE
CIRCUIT COURT FOR A COUNTY.
(2) ON PETITION BY THE COMMISSIONER, THE COURT MAY ORDER THE
PERSON TO ATTEND AND TESTIFY OR PRODUCE EVIDENCE.
11-614.
(A) IF THE COMMISSIONER FINDS THAT THE CONDUCT OF ANY OTHER
BUSINESS CONCEALS A VIOLATION OR EVASION OF THIS SUBTITLE OR ANY RULE OR
REGULATION ADOPTED UNDER THIS SUBTITLE, OR ANY LAW REGULATING
MORTGAGE LENDING OR MORTGAGE ORIGINATION IN THE STATE, THE
COMMISSIONER MAY ISSUE A WRITTEN ORDER TO A LICENSEE TO STOP DOING
BUSINESS:
(1) AT ANY PLACE IN WHICH THE OTHER BUSINESS IS CONDUCTED OR
SOLICITED; OR
(2) IN ASSOCIATION OR CONJUNCTION WITH THE OTHER BUSINESS.
- 3761 -
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