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Ch. 691
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2000 LAWS OF MARYLAND
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(1) Examine the books and records of any licensee or of any other person
who the Commissioner believes has violated any provision of this subtitle, or any rule
or regulation adopted under this subtitle, or of any other law regulating mortgage
loan lending in the State;
(2) Subpoena documents or other evidence; and
(3) Summon and examine under oath any person whose testimony the
Commissioner requires.
(e) (1) If any person fails to comply with a subpoena or summons of the
Commissioner under this subtitle or to testify concerning any matter about which the
person may be interrogated under this subtitle, the Commissioner may file a petition
for enforcement with the circuit court for any county.
(2) On petition by the Commissioner, the court may order the person to
attend and testify or produce evidence.
11-517.
(a) Subject to the hearing provisions of § 11-518 of this subtitle, the
Commissioner may suspend or revoke the license of any licensee if the licensee or any
owner, director, officer, member, partner, stockholder, employee, or agent of the
licensee:
(1) Makes any material misstatement in an application for a license;
(2) [Has been convicted of any crime of moral turpitude] IS CONVICTED
UNDER THE LAWS OF THE UNITED STATES OR OF ANY STATE OF:
(I) A FELONY; OR
(II) A MISDEMEANOR THAT IS DIRECTLY RELATED TO THE FITNESS
AND QUALIFICATION OF THE PERSON TO ENGAGE IN THE MORTGAGE LENDING
BUSINESS;
(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 anyone
entitled to that information;
(4) Violates any provision of this subtitle or any rule or regulation
adopted under it or any other law regulating mortgage loan lending 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, fairly, equitably, and efficiently.
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- 3534 -
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