§ 5-906
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/md/financial-institutions/5-906A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–906.
(a)The Commissioner shall decide whether to approve an application under § 5-904 of this subtitle within 60 days of receipt of a completed application.
(b)An application shall be deemed approved if the Commissioner takes no action on the application within the time limits specified in this section.