§ 11-607
186 words·~1 min read·
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§11–607.
(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.