Ch. 476

LAWS OF MARYLAND

(3)  THE VIOLATOR'S HISTORY OF PREVIOUS VIOLATIONS;

(4)  THE DELETERIOUS EFFECT OF THE VIOLATION ON THE
PUBLIC AND MORTGAGE INDUSTRY;

(5)  THE ASSETS OF THE VIOLATOR; AND

(6)  ANY OTHER FACTORS RELEVANT TO THE DETERMINATION
OF THE FINANCIAL PENALTY.

11-518.

(A)  BEFORE THE COMMISSIONER TAKES ANY ACTION UNDER § 11-516
OR § 11-517 OF THIS SUBTITLE, THE COMMISSIONER SHALL GIVE THE
LICENSEE AN OPPORTUNITY FOR A HEARING.

(B)  NOTICE OF THE HEARING SHALL BE GIVEN AND THE HEARING
SHALL BE HELD IN ACCORDANCE WITH THE ADMINISTRATIVE PROCEDURE
ACT.

(C)  THE HEARING NOTICE TO THE LICENSEE SHALL BE SENT BY
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE PRINCIPAL PLACE
OF BUSINESS OF THE LICENSEE AT LEAST 30 DAYS BEFORE THE HEARING.

11-519.

THE COMMISSIONER MAY REINSTATE A SUSPENDED LICENSE OR ISSUE
A NEW LICENSE TO A PERSON WHOSE LICENSE HAS BEEN REVOKED IF,
AFTER INVESTIGATION, THE COMMISSIONER IS SATISFIED THAT THE
CONDITIONS THAT WERE THE CAUSE FOR THE SUSPENSION OR REVOCATION
HAVE BEEN CORRECTED AND ARE UNLIKELY TO RECUR.

11-520.

A MORTGAGE LENDER MAY NOT DO BUSINESS UNDER ANY TRADE NAME
THAT MISREPRESENTS OR TENDS TO MISREPRESENT THAT THE MORTGAGE
LENDER IS:

(1)  A BANK, TRUST COMPANY, OR SAVINGS BANK;

(2)  A SAVINGS AND LOAN ASSOCIATION;

(3)  A CREDIT UNION; OR

(4)  AN INSURANCE COMPANY.

11-521.

(A) A MORTGAGE LENDER SHALL REQUIRE A BORROWER TO FURNISH
THE MORTGAGE LENDER WITH INDEPENDENT EVIDENCE OF THE COMMERCIAL
PURPOSE OF THE LOAN WHERE THE LOAN IS:

- 3066 -