Md. Code Ann., Fin. Inst. § 5-906 – Deadline for consideration of application | Midpage

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Maryland Code

Financial Institutions

§ 5-906

Md. Code Ann., Fin. Inst. § 5-906

Deadline for consideration of application

Effective Sep 29, 1995Added by Acts 1995, c. 213, § 2, eff. Sept. 29, 1995.State of Maryland

(a) The Commissioner shall decide whether to approve an application under § 5-904 of this subtitle within 60 days of receipt of a completed application.
(b) An application shall be deemed approved if the Commissioner takes no action on the application within the time limits specified in this section.

Added by Acts 1995, c. 213, § 2, eff. Sept. 29, 1995.