(a) A provider may collect deposits from prospective subscribers if:
- (1) the Department has approved the provider's feasibility study; and
- (2) the provider maintains the funds collected in an escrow account.
(b) Deposits collected under subsection (a) of this section shall be held in escrow until:
- (1) the provider has been issued a certificate of registration under § 10-458 of this subtitle; or
- (2) a later time that the Department may set by regulation.
Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007.