ROBERT L. EHRLICH, JR., Governor                             Ch. 374

(1)      EXAMINE ALL BOOKS, ACCOUNTS, AND RECORDS THAT THE
COMMISSIONER DETERMINES ARE NECESSARY TO CONDUCT A COMPLETE
EXAMINATION, INCLUDING THE BOOKS, ACCOUNTS, AND RECORDS IN THE
POSSESSION OF A SUBSIDIARY, AFFILIATE, OR OTHER PERSON THAT RELATE TO THE
OPERATION OF AND SERVICES PROVIDED BY THE LICENSEE'S DEBT MANAGEMENT
SERVICES BUSINESS; AND

(2)      EXAMINE UNDER OATH ANY OWNER, OFFICER, DIRECTOR,
PRINCIPAL, AND EMPLOYEE OF THE LICENSEE OR ANY OTHER INDIVIDUAL WHO MAY
PROVIDE INFORMATION ON BEHALF OF THE LICENSEE.

12-925.

A LICENSEE SHALL INCLUDE IN ANY ADVERTISEMENT THE LICENSEE'S DEBT
MANAGEMENT SERVICES LICENSE NUMBER

12-926.

(A) EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION, AND
SUBJECT TO THE HEARING PROVISIONS OF § 12-927 OF THIS SUBTITLE, THE
COMMISSIONER MAY DENY A LICENSE TO AN APPLICANT, REPRIMAND A LICENSEE,
OR SUSPEND OR REVOKE THE LICENSE OF A LICENSEE IF THE APPLICANT OR
LICENSEE OR AN OWNER, OFFICER, DIRECTOR, OR PRINCIPAL OF THE APPLICANT OR
LICENSEE:

(1)     FRAUDULENTLY OR DECEPTIVELY OBTAINS OR ATTEMPTS TO
OBTAIN A LICENSE;

(2)      FRAUDULENTLY OR DECEPTIVELY USES A LICENSE OR DEBT
MANAGEMENT SERVICES LICENSE NUMBER;

(3)      PRESENTS OR ATTEMPTS TO PRESENT THE DEBT MANAGEMENT
SERVICES LICENSE NUMBER OF ANOTHER LICENSEE AS THE APPLICANT'S OR
LICENSEE'S DEBT MANAGEMENT SERVICES LICENSE NUMBER;

(4)      VIOLATES ANY PROVISION OF THIS SUBTITLE OR ANY REGULATION
ADOPTED UNDER THIS SUBTITLE;

(5)      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 APPLICANT OR LICENSEE TO ENGAGE IN THE BUSINESS
OF PROVIDING DEBT MANAGEMENT SERVICES;

(6)      IN CONNECTION WITH THE PROVISION OF DEBT MANAGEMENT
SERVICES:

(I)      COMMITS A FRAUD;

(II)     ENGAGES IN AN ILLEGAL OR DISHONEST ACTIVITY;

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