Md. Code Regs. 09.03.14.09

Current through Register Vol. 51, No. 12, June 14, 2024

Section 09.03.14.09 - Maintenance of License

A. If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new license, the Commissioner may suspend or revoke the licensee's license in accordance with the procedures established under the Maryland Money Transmission Act.

B. An applicant for a license shall demonstrate that it meets or will meet, and a money transmission licensee shall at all times meet, the requirements in Regulation .18 of this chapter.

Regulation .09 adopted effective 50:24 Md. R. 1041, eff. 12/11/2023