Current with changes from the 2024 Legislative Session
Section 10-456 - Deposits(a) A provider may collect deposits from prospective subscribers if:(1) the Department has approved the provider's feasibility study; and(2) the provider maintains the funds collected in an escrow account.(b) Deposits collected under subsection (a) of this section shall be held in escrow until: (1) the provider has been issued a certificate of registration under § 10-458 of this subtitle; or(2) a later time that the Department may set by regulation.