Current with changes from the 2024 Legislative Session
Section 11-607 - Investigation and approval(a) When an applicant for a license files the application and pays the fees required by § 11-604 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 11-605 of this subtitle.(b) The Commissioner shall issue a license to an applicant who meets the requirements of § 11-605 of this subtitle.(c) If the Commissioner notifies an applicant that the application is incomplete: (1) The Commissioner's notice shall itemize the steps which the applicant must take to complete the application; and(2) The application may not be approved until after the applicant supplies or completes all items and steps identified in the Commissioner's notice.(d) The Commissioner may deny an application: (1) If the applicant fails to qualify for a license under this subtitle; or(2) For any reason that a license may be revoked or suspended under this subtitle or a mortgage lender license may be suspended or revoked under § 11-517 of this title.(e) The Commissioner shall approve or deny an application within 60 days after the Commissioner receives a completed application.Amended by 2020 Md. Laws, Ch. 628,Sec. 1, eff. 5/8/2020.