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PARRIS N. GLENDENING, Governor
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Ch. 539
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(2) THE RELATIONSHIP OF THE CRIME TO THE ACTIVITIES AUTHORIZED
BY THE LICENSE;
(3) WITH RESPECT TO A FELONY, THE RELEVANCE OF THE CONVICTION
TO THE FITNESS AND QUALIFICATION OF THE LICENSEE TO ENGAGE IN THE
BUSINESS OF MONEY TRANSMISSION;
(4) THE LENGTH OF TIME SINCE THE CONVICTION; AND
(5) THE BEHAVIOR AND ACTIVITIES OF THE LICENSEE SINCE THE
CONVICTION.
(C) SUBJECT TO THE HEARING PROVISIONS OF § 12-128 OF THIS SUBTITLE,
THE COMMISSIONER MAY ISSUE AN ORDER TO THE LICENSEE TO TERMINATE ITS
RELATIONSHIP WITH AN AUTHORIZED DELEGATE IF THE COMMISSIONER FINDS
THAT:
(1) THE AUTHORIZED DELEGATE OR A DIRECTOR, OFFICER, EMPLOYEE,
OR PERSON THAT HAS CONTROL OF THE AUTHORIZED DELEGATE:
(I) HAS VIOLATED ANY PROVISION OF THIS SUBTITLE OR ANY
REGULATION ADOPTED OR ORDER ISSUED UNDER THIS SUBTITLE;
(II) HAS ENGAGED OR PARTICIPATED IN AN UNSAFE OR UNSOUND
ACT WITH RESPECT TO THE BUSINESS OF MONEY TRANSMISSION;
(III) HAS MADE OR CAUSED TO BE MADE IN ANY APPLICATION OR
REPORT FILED WITH THE COMMISSIONER OR IN A PROCEEDING BEFORE THE
COMMISSIONER, A STATEMENT WHICH WAS AT THE TIME AND IN THE
CIRCUMSTANCES UNDER WHICH IT WAS MADE, FALSE OR MISLEADING WITH
RESPECT TO A MATERIAL FACT, OR HAS OMITTED TO STATE IN AN APPLICATION OR
REPORT A MATERIAL FACT WHICH IS REQUIRED TO BE STATED; OR
(IV) HAS FAILED TO COOPERATE WITH AN EXAMINATION OR
INVESTIGATION BY THE COMMISSIONER AUTHORIZED BY THIS SUBTITLE; OR
(2) THE COMPETENCE, EXPERIENCE, INTEGRITY, FINANCIAL
CONDITION, OR OVERALL MORAL CHARACTER OF THE AUTHORIZED DELEGATE, OR A
DIRECTOR, OFFICER, EMPLOYEE, OR PERSON THAT. HAS CONTROL OF THE
AUTHORIZED DELEGATE, INDICATES THAT IT WOULD NOT BE IN THE INTEREST OF
THE PUBLIC TO PERMIT THE PERSON TO ENGAGE IN THE BUSINESS OF MONEY
TRANSMISSION.
(D) (1) THE AUTHORIZED DELEGATE ABOUT WHOM AN ORDER IS ISSUED
UNDER THIS SECTION MAY APPLY TO THE COMMISSIONER TO MODIFY OR RESCIND
THE ORDER
(2) THE COMMISSIONER MAY NOT GRANT AN APPLICATION FILED
UNDER PARAGRAPH (1) OF THIS SUBSECTION UNLESS THE COMMISSIONER FINDS
THAT;
(I) IT IS IN THE PUBLIC INTEREST TO MODIFY OR RESCIND THE
ORDER; AND
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- 4085 -
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