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Maryland Code, Human Services § 10-456

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Human Services § 10-456 - last updated January 01, 2025 | https://codes.findlaw.com/md/human-services/md-code-human-serv-sect-10-456/

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