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S.B. 872
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VETOES
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[(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:
(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.
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- 4202 -
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