Maryland Code, FINANCIAL INSTITUTIONS 11-216
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-216
- Conviction: A judgement of guilt against a criminal defendant.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(1) Violates any provision of the Maryland Consumer Loan Law; or
(2) Knowingly and repeatedly violates any provision of the Maryland Consumer Debt Collection Act.
(b) (1) The Commissioner shall revoke the license of any licensee who is convicted twice of violating § 12-316 of the Commercial Law Article if the second violation occurs after the first conviction.
(2) The Commissioner may not issue another license to any person whose license is revoked under this subsection.
(c) If the Commissioner suspends or revokes a license, the Commissioner shall file in the Commissioner’s office:
(1) Findings; and
(2) A statement of all the facts on which the findings are based.