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Session Laws, 2000
Volume 797, Page 3533   View pdf image
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PARRIS N. GLENDENING, Governor Ch. 691
(i) In accordance with a schedule established by the Commissioner; and (ii) At any other time that the Commissioner reasonably considers necessary. (2) The schedule established by the Commissioner under paragraph
(1)(i) of this subsection shall: (I) [take] TAKE into account: [(i)] 1. The length of time the licensee has been engaged in
business as a mortgage lender; [(ii)] 2. Any prior violations by the licensee of the mortgage
lending law or regulations; [(iii)] 3. The nature and number of any complaints made against
the licensee; and [(iv)] 4. The result of findings from any prior examination of the licensee; AND (II) PROVIDE THAT: 1. NEW LICENSEES SHALL BE EXAMINED WITHIN 18
MONTHS OF THE DATE THE LICENSE IS ISSUED; AND 2. EACH LICENSEE SHALL BE EXAMINED AT LEAST ONCE
DURING ANY 36-MONTH PERIOD. (b) (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 any person if
the Commissioner has reasonable cause to believe that the person has violated any
provision of this subtitle, of any regulation adopted under this subtitle, or of any other
law regulating mortgage loan lending in the State. (c) A licensee shall pay to the Commissioner a fee of not more than [$100]
$250 per day for each of the Commissioner's employees engaged in: (1) An examination required under subsection (a)(1) of this section; and (2) Any other examination or investigation conducted under this section
that results in the discovery of a violation of this subtitle by the licensee. (d) In connection with an examination or investigation made under this
section, the Commissioner may:
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Session Laws, 2000
Volume 797, Page 3533   View pdf image
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