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Maryland Code, Business Regulation § 7-303

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) Within 60 days after an applicant submits a complete application for a license and pays the fees required by § 7-302 of this subtitle, the Board shall approve or deny the application.

(b) To qualify for a license, an applicant shall satisfy the Board that the applicant is of good moral character and has sufficient financial responsibility, business experience, and general fitness to:

(1) engage in business as a collection agency;

(2) warrant the belief that the business will be conducted lawfully, honestly, fairly, and efficiently;  and

(3) command the confidence of the public.

(c) The Board may deny an application for a license to any person who:

(1) has committed any act that would be a ground for reprimand, suspension, or revocation of a license under this subtitle;  or

(2) otherwise fails to meet the requirements for licensure.

(d) If an applicant does not meet the requirements of this subtitle, the Board shall:

(1) deny the application;  and

(2) immediately notify the applicant of the denial.

(e)(1) The denial of an application under this section is subject to the hearing provisions of § 7-309 of this subtitle.

(2) An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the notice to the applicant of the applicant's right to a hearing.

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Cite this article: FindLaw.com - Maryland Code, Business Regulation § 7-303 - last updated December 31, 2021 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-7-303.html

Read this complete Maryland Code, Business Regulation § 7-303 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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