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Ch. 539
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2002 LAWS OF MARYLAND
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(2) May summon and examine under oath any person whose testimony
the Commissioner requires.
(C) (1) IF A 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.
12-424.
(A) THE COMMISSIONER MAY CONDUCT AN ON-SITE EXAMINATION OF A
LICENSEE OR AUTHORIZED DELEGATE WITH NOT LESS THAN 7 BUSINESS DAYS
PRIOR NOTICE.
(B) WITH GOOD CAUSE, THE COMMISSIONER MAY CONDUCT AN ON-SITE
EXAMINATION OF A LICENSEE OR AUTHORIZED DELEGATE WITH NO PRIOR NOTICE.
(C) THE LICENSEE SHALL PAY ALL REASONABLY INCURRED COSTS OF AN
EXAMINATION.
(D) THE ON-SITE EXAMINATION MAY BE CONDUCTED IN CONJUNCTION WITH
AN EXAMINATION PERFORMED BY A REPRESENTATIVE OF A RESPONSIBLE
SUPERVISORY AGENCY OF ANOTHER STATE.
(E) (1) THE COMMISSIONER, IN LIEU OF AN ON-SITE EXAMINATION, MAY
ACCEPT THE EXAMINATION REPORT OF A RESPONSIBLE SUPERVISORY AGENCY OF
ANOTHER STATE, OR A REPORT PREPARED BY AN INDEPENDENT ACCOUNTING FIRM.
(2) A REPORT ACCEPTED UNDER PARAGRAPH (1) OF THIS SUBSECTION IS
CONSIDERED FOR ALL PURPOSES AS AN OFFICIAL REPORT OF THE COMMISSIONER
(F) THE COMMISSIONER MAY:
(1) EXAMINE ALL BOOKS, ACCOUNTS, AND RECORDS THE
COMMISSIONER DETERMINES ARE NECESSARY TO CONDUCT A COMPLETE
EXAMINATION; AND
(2) EXAMINE UNDER OATH ANY OFFICER, DIRECTOR, OR EMPLOYEE OF
THE LICENSEE, OR ANY OTHER INDIVIDUAL WHO MAY PROVIDE INFORMATION ON
BEHALF OF THE LICENSEE.
12-425.
(A) EACH LICENSEE SHALL MAKE AND PRESERVE THE FOLLOWING BOOKS,
ACCOUNTS, AND RECORDS FOR A PERIOD OF AT LEAST 3 YEARS:
(1) A RECORD OF EACH PAYMENT INSTRUMENT SOLD OR ISSUED;
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- 4082 -
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