WILLIAM DONALD SCHAEFER, Governor

Ch. 563

LICENSEE DOES NOT AFFECT ANY SANCTION IMPOSED BY THE COMMISSION
AGAINST AN INDIVIDUAL UNDER THE DISCIPLINARY PROVISIONS OF
SUBTITLE 3 OF THIS TITLE.

SUBCOMMITTEE COMMENT: This section is new language derived
without substantive change from former Art. 56, §
217A(c)(l), the second clause of (d)(2)(iv), and the
second clause of (e).

Throughout this section, the word "suspend" is
substituted for the former word "revoke", to reflect
more accurately what the Commission does in practice.
Since the licensee may reapply for a license under
this section after meeting certain requirements, the
license of the licensee actually is suspended, not
revoked.

In subsection (a) of this section, the phrase
"immediately and without further proceedings" is added
for clarity.

In subsection (b) of this section, the word
"reinstate" is substituted for the former word
"reapply", for clarity. Since a license actually is
suspended, not revoked under this section, a licensee
only has to apply for reinstatement of the license.

In subsection (c) of this section, new language is
added to clarify that the referenced disciplinary
action under Subtitle 3 of this title may be for the
same act or omission that gave rise to the claim
against the Guaranty Fund and that, therefore, the
termination of the suspension of a license
automatically imposed under this section would not
have any effect on a suspension or revocation of a
license imposed for the same act or omission under
Subtitle 3 of this title. Similarly, the phrase
"affect any sanction imposed by the Commission against
an individual under the disciplinary provisions of
Subtitle 3 of this title" is substituted for the
former phrase "nullify or modify the effect of any
disciplinary proceeding against the licensee", for
clarity.

Defined terms: "Commission" § 4-101
"Guaranty Fund" § 4-101 "License" § 4-101

SUBTITLE 5. MISCELLANEOUS PROVISIONS.
PART I. TRUST ACCOUNTS.
4-501. DEFINITIONS.

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