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Martin O'Malley, Governor Ch. 472
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(d) "Commissioner" means the Commissioner of Financial Regulation.
(e) "Consumer claim" means a claim that:
(1) is for money owed or said to be owed by a resident of the State; and
(2) arises from a transaction in which, for a family, household, or
personal purpose, the resident sought or got credit, money, personal property, real
property, or services.
(f) "License" means a license issued by the Board to do business as a
collection agency.
(g) "Licensed collection agency" means a person who is licensed by the Board
to do business as a collection agency.
7-303.
(a) Within 60 days after an applicant submits an application for a license
and pays the application fee, the Board shall approve or deny the application.
[(b) Subject to the hearing provisions of § 7-309 of this subtitle, the Board
may deny a license to an applicant if:
(1) the applicant fraudulently or deceptively obtains or attempts to
obtain a license for the applicant or for another person;
(2) the applicant fraudulently uses a license;
(3) the applicant:
(i) has had a license revoked; or
(ii) is responsible for an act or omission that resulted in
revocation of a license;
(4) a person who, when the application is submitted, is an agent,
director, employee, member, officer, owner, partner, or spouse of the applicant:
(i) has had a license revoked; or
(ii) is responsible for an act or omission that resulted in
revocation of a license; or
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(5) otherwise fails to meet the requirements for licensure.]
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