WILLIAM DONALD SCHAEFER, Governor Ch. 563

licenses. See Item 6 under Section II, "Specific Problems", of
this General Subcommittee Comment.

Former Art. 56, § 223(k), as it related to the requirement
that a nonresident pay a fee for a particular service equal to
the greater of the amount listed for residents of this State or
the amount charged residents of this State by the state in which
the nonresident resides, is deleted, on the recommendation of the
Joint Subcommittee on the Business Occupations Article, to
establish a uniform system of fees to be charged both residents
and nonresidents. After hearing testimony from members of the
Commission, the Department, and the real estate industry, the
Joint Subcommittee concluded that the administrative costs
imposed on the Commission by such a fee system significantly
outweighed the benefit of any extra money that might be
collected.

Former Art. 56, § 232, which provided for the severability
of the provisions of this title, is deleted as unnecessary in
light of Art. 1, § 23 of the Code.

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Real Property

11A-121. CERTIFICATE OF REGISTRATION.

(F) (1) SUBJECT TO THE PROVISIONS OF PARAGRAPH (2) OF THIS
SECTION, THE COMMISSION MAY ORDER SUMMARILY THE SUSPENSION OF THE
REGISTRATION OF A DEVELOPER IF THE DEVELOPER:

(I)  FAILS TO ACCOUNT PROMPTLY FOR ANY FUNDS
HELD IN TRUST; OR

(II)  ON DEMAND, FAILS TO DISPLAY TO THE
COMMISSION ALL RECORDS, BOOKS, AND ACCOUNTS OF THE FUNDS HELD IN
TRUST.

(2)  THE COMMISSION MAY ORDER SUMMARILY A SUSPENSION
UNDER THIS SECTION ONLY IF IT GIVES THE DEVELOPER:

(I)  WRITTEN NOTICE OF THE SUSPENSION AND THE
FINDING ON WHICH THE SUSPENSION IS BASED; AND

(II)  AFTER THE SUMMARY SUSPENSION IS EFFECTIVE,
AN OPPORTUNITY TO BE HEARD PROMPTLY BEFORE THE COMMISSION.

(3)  A SUMMARY SUSPENSION ORDERED BY THE COMMISSION
UNDER THIS SECTION:

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