1. (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.

2. (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. (1) engage in business as a collection agency;
   2. (2) warrant the belief that the business will be conducted lawfully, honestly, fairly, and efficiently; and
   3. (3) command the confidence of the public.

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

   1. (1) has committed any act that would be a ground for reprimand, suspension, or revocation of a license under this subtitle; or
   2. (2) otherwise fails to meet the requirements for licensure.

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

   1. (1) deny the application; and
   2. (2) immediately notify the applicant of the denial.

5. (e)

   1. (1) The denial of an application under this section is subject to the hearing provisions of § 7-309 of this subtitle.
   2. (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.

Added by Acts 1992, c. 4, § 2. Amended by Acts 1996, c. 58, § 1, eff. Oct. 1, 1996. Amended by Acts 2007, c. 472, § 1, eff. Oct. 1, 2007; Acts 2017, c. 253, § 1, eff. July 1, 2017.

Formerly Art. 56, § 328.