|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S.B. 660
|
|
VETOES
|
|
|
|
|
|
|
|
|
|
|
|
|
(B) A LICENSEE WHO VIOLATES AN ORDER OF THE COMMISSIONER ISSUED
UNDER THIS SECTION SHALL BE SUBJECT TO THE PENALTIES PROVIDED BY § 11-615
OF THIS SUBTITLE.
(C) THE COMMISSIONER MAY FILE A PETITION IN THE CIRCUIT COURT FOR A
COUNTY SEEKING ENFORCEMENT OF AN ORDER UNDER THIS SECTION.
11-615.
(A) SUBJECT TO THE HEARING PROVISIONS OF § 11-616 OF THIS SUBTITLE,
THE COMMISSIONER MAY SUSPEND OR REVOKE THE LICENSE OF ANY LICENSEE IF
THE LICENSEE:
(1) MAKES ANY MATERIAL MISSTATEMENT IN AN APPLICATION FOR A
LICENSE;
(2) IS CONVICTED UNDER THE LAWS OF THE UNITED STATES OR OF ANY
STATE OF A FELONY OR A MISDEMEANOR THAT IS DIRECTLY RELATED TO THE
FITNESS AND QUALIFICATION OF THE INDIVIDUAL TO ACT AS A MORTGAGE
ORIGINATOR;
(3) IN CONNECTION WITH ANY MORTGAGE LOAN OR LOAN APPLICATION
TRANSACTION:
(I) COMMITS ANY FRAUD;
(II) ENGAGES IN ANY ILLEGAL OR DISHONEST ACTIVITIES; OR
(III) MISREPRESENTS OR FAILS TO DISCLOSE ANY MATERIAL FACTS
TO A PERSON ENTITLED TO THAT INFORMATION;
(4) VIOLATES ANY PROVISION OF THIS SUBTITLE, ANY REGULATION
ADOPTED UNDER THIS SUBTITLE, OR ANY OTHER LAW REGULATING MORTGAGE
LENDING OR MORTGAGE ORIGINATION IN THE STATE; OR
(5) OTHERWISE DEMONSTRATES UNWORTHINESS, BAD FAITH,
DISHONESTY, OR ANY OTHER QUALITY THAT INDICATES THAT THE BUSINESS OF THE
LICENSEE HAS NOT BEEN OR WILL NOT BE CONDUCTED HONESTLY.
(B) IN DETERMINING WHETHER A LICENSE SHALL BE SUSPENDED OR
REVOKED FOR A REASON DESCRIBED IN SUBSECTION (A)(2) OF THIS SECTION, THE
COMMISSIONER SHALL CONSIDER:
(1) THE NATURE OF THE CRIME;
(2) THE RELATIONSHIP OF THE CRIME TO THE ACTIVITIES AUTHORIZED
BY THE LICENSE;
(3) WITH RESPECT TO A FELONY, THE RELEVANCE OF THE CONVICTION
TO THE FITNESS AND QUALIFICATION OF THE LICENSEE TO ENGAGE IN THE
MORTGAGE LENDING OR MORTGAGE ORIGINATION BUSINESS;
(4) THE LENGTH OF TIME SINCE THE CONVICTION; AND
- 3762 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
