{"data":{"id":"us-md/md.-code-financial-institutions-11-414","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–414","heading":"","body":"Subject to the hearing provisions of § 11–415 of this subtitle, the Commissioner may suspend or revoke the license of any licensee, if:\n(1) The licensee knowingly or without exercising due care:\n(i) Violates any provision of this subtitle or of any other law that regulates agreements; or\n(ii) Fails to comply with any demand or requirement that the Commissioner makes under this subtitle;\n(2) The licensee makes any material misstatement in an application for a license;\n(3) The licensee defrauds any buyer, to the buyer’s damage;\n(4) The licensee willfully fails to carry out any written agreement with a buyer;\n(5) The licensee knowingly and repeatedly violates any provision of the Maryland Consumer Debt Collection Act;\n(6) An officer, director, or trustee of or partner in the licensee is responsible for any act or omission that would be a ground for suspending or revoking a license; or\n(7) Any agent or employee of the licensee is responsible for any act or omission that would be a ground for suspending or revoking a license, if the licensee:\n(i) Approves or knows of that or similar acts or omissions; and\n(ii) After giving approval or learning of the act or omission, keeps any benefit, proceeds, profit, or advantage resulting from the act or omission or otherwise ratifies the act or omission.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-414","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"f7c09084d08d9dc3accb4f891f5a90cb3a29f26861b5dcd8ffdb3cf24e646983","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-413","next":"us-md/md.-code-financial-institutions-11-415"},"notice":"GroundRules: Original legal text. Not legal advice."}