{"data":{"id":"us-md/md.-code-financial-institutions-11-607","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–607","heading":"","body":"(a) When an applicant for a license files the application and pays the fees required by § 11–604 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 11–605 of this subtitle.\n(b) The Commissioner shall issue a license to an applicant who meets the requirements of § 11–605 of this subtitle.\n(c) If the Commissioner notifies an applicant that the application is incomplete:\n(1) The Commissioner’s notice shall itemize the steps which the applicant must take to complete the application; and\n(2) The application may not be approved until after the applicant supplies or completes all items and steps identified in the Commissioner’s notice.\n(d) The Commissioner may deny an application:\n(1) If the applicant fails to qualify for a license under this subtitle; or\n(2) For any reason that a license may be revoked or suspended under this subtitle or a mortgage lender license may be suspended or revoked under § 11–517 of this title.\n(e) The Commissioner shall approve or deny an application within 60 days after the Commissioner receives a completed application.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-607","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"87a4387f5e1415a232d5dd6a71b82bc806ce0c1186f32a5e8431044cc79dd8c6","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-606.1","next":"us-md/md.-code-financial-institutions-11-608"},"notice":"GroundRules: Original legal text. Not legal advice."}