reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  12-419 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-419 - Issuance of Duplicate Payment Instruments

    (a)    The original buyer of a payment instrument may request a duplicate of the instrument if the request is:        (1)    In writing; and        (2)    If required by the licensee, accompanied by:            (i)    An affidavit that gives the reason for the request and states the facts relating to the loss of or other failure to produce the original payment instrument; and            (ii)    A personal indemnity bond or, if the total amount of the payment instruments for which a duplicate is requested is $150 or more, a lost instrument corporate bond instead of a personal indemnity bond.    (b)    Each licensee shall issue or refuse to issue a duplicate payment instrument within 30 days after a request for the duplicate is made under this section.
MD. Financial Institutions Code Ann. §  12-420 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-420 - Redemption of Unused Payment Instruments

    Except as permitted by § 17-308.1 of the Commercial Law Article, a licensee or its authorized delegate may charge a service fee, not to exceed $5, to any original buyer who redeems an unused payment instrument.
MD. Financial Institutions Code Ann. §  12-421 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-421 - Determination of Compliance With Subtitle

    If the Commissioner finds that the books, records, and accounting procedures of a licensee are not adequate to enable the Commissioner to determine whether the licensee is in compliance with this subtitle, the Commissioner may require the licensee to have a certified public accountant audit the licensee for any period of time the Commissioner considers necessary or adopt standard, recognized accounting and bookkeeping procedures and records for this purpose.
MD. Financial Institutions Code Ann. §  12-422 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-422 - Voluntary Surrender of License

    (a)    (1)    A licensee may surrender a license by sending to the Commissioner a written statement that the license is surrendered.        (2)    The statement shall provide a listing, by identifying number, face amount, and place of issue, of all outstanding payment instruments, and the reasons for the license surrender.    (b)    The surrender of a license does not:        (1)    Affect any civil or criminal liability of the licensee for acts committed before the license is surrendered;        (2)    Affect the surety device filed by the licensee; or        (3)    Entitle the licensee to the return of any part of any fee.
MD. Financial Institutions Code Ann. §  12-423 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-423 - Investigatory Powers of Commissioner

    (a)    To discover any violations of this subtitle or to obtain any information required by this subtitle, the Commissioner at any time may investigate the business of:        (1)    Any licensee;        (2)    Any person who is engaged or participating in the business of money transmission, whether as authorized delegate, principal, agent, or otherwise; and        (3)    Any other person who the Commissioner has cause to believe is violating this subtitle or any regulation adopted under this subtitle whether that person claims to be within or beyond the scope of this subtitle.    (b)    For the purposes of this section, the Commissioner:        (1)    Shall be given access to the place of business, books, papers, records, safes, and vaults of the person under investigation; and        (2)    May summon and examine under oath any person whose testimony the Commissioner requires.    (c)    (1)    If a person fails to comply with a subpoena or summons of the Commissioner under this subtitle or to testify concerning any matter about which the person may be interrogated under this subtitle, the Commissioner may file a petition for enforcement with the circuit court for any county.        (2)    On petition by the Commissioner, the court may order the person to attend and testify or produce evidence.
MD. Financial Institutions Code Ann. §  12-424 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-424 - Examinations

    (a)    The Commissioner may conduct an on–site examination of a licensee or authorized delegate with not less than 7 business days prior notice.    (b)    With good cause, the Commissioner may conduct an on–site examination of a licensee or authorized delegate with no prior notice.    (c)    The licensee shall pay all reasonably incurred costs of an examination conducted under this section, including a per–day fee set by the Commissioner for each of the Commissioner’s employees engaged in the examination.    (d)    The on–site examination may be conducted in conjunction with an examination performed by a representative of a responsible supervisory agency of another state.    (e)    (1)    The Commissioner, in lieu of an on–site examination, may accept the examination report of a responsible supervisory agency of another state, or a report prepared by an independent accounting firm.        (2)    A report accepted under paragraph (1) of this subsection is considered for all purposes as an official report of the Commissioner.    (f)    The Commissioner may:        (1)    Examine all books, accounts, and records the Commissioner determines are necessary to conduct a complete examination; and        (2)    Examine under oath any officer, director, or employee of the licensee, or any other individual who may provide information on behalf of the licensee.
MD. Financial Institutions Code Ann. §  12-425 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-425 - Required Records

    (a)    Each licensee shall make and preserve the following books, accounts, and records for a period of at least 3 years:        (1)    A record of each payment instrument sold or issued;        (2)    A general ledger containing all assets, liability, capital, income, and expense accounts, which general ledger shall be posted at least monthly;        (3)    Settlement sheets received from each authorized delegate;        (4)    Bank statements and bank reconciliation records;        (5)    Records of outstanding payment instruments;        (6)    Records of each payment instrument paid within the 3–year period;        (7)    A list of the names and addresses of all the licensee’s authorized delegates, past and present; and        (8)    A list of the dates that the training materials required under § 12–413.1 of this subtitle were provided to the licensee’s authorized delegates, agents, and subdelegates.    (b)    A licensee shall retain the records required under this section in:        (1)    Original form; or        (2)    Photographic, electronic, or other similar form.    (c)    A licensee may retain the records required under this section at any location, provided that the licensee:        (1)    Notifies the Commissioner in writing of the location of the records; and        (2)    Makes the records available at a place of business for which a license has been issued, as agreed by the Commissioner and the licensee, within 7 days after a written request for examination by the Commissioner.
MD. Financial Institutions Code Ann. §  12-427 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-427 - Persons Subject to Enforcement

    A person that engages in the business of money transmission is subject to the enforcement provisions of §§ 2-114 through 2-116 of this article if the person:         (1)    Is not licensed under this subtitle; or        (2)    Is not an authorized delegate of a licensee.
MD. Financial Institutions Code Ann. §  12-428 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-428 - Hearings

    (a)    Before the Commissioner denies an application for a license under § 12-409 of this subtitle or takes any action under § 12-426 of this subtitle, the Commissioner shall give the applicant or licensee an opportunity for a hearing.    (b)    Notice of the hearing shall be given and the hearing shall be held in accordance with the Administrative Procedure Act.    (c)    For a hearing on the proposed suspension or revocation of a license, the hearing notice to be given to the licensee shall be sent by registered or certified mail at least 15 days before the hearing to the place of business stated in the license.
MD. Financial Institutions Code Ann. §  12-429 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-429 - Enforcement of Subtitle

    The State’s Attorney for the county in which the violation occurs or the Attorney General may prosecute any violation of this subtitle.
MD. Financial Institutions Code Ann. §  12-430 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-430 - Penalties

    Any person who knowingly and willfully violates any provision of this subtitle is guilty of a felony and on conviction is subject to a fine not exceeding $1,000 for the first violation and not exceeding $5,000 for each subsequent violation or imprisonment not exceeding 5 years or both.
MD. Financial Institutions Code Ann. §  12-430.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-430.1 - Reporting and Enforcement of Actions Against Money Transmitters

    (a)    (1)    Notwithstanding Title 4, Subtitles 1 through 5 of the General Provisions Article, and subject to § 12–408.1 of this subtitle, the Commissioner shall report adjudicated enforcement actions against a money transmitter or its authorized delegate and other relevant information to the nationwide licensing system.        (2)    The Commissioner shall adopt regulations establishing a process by which a licensee or an applicant for a license may challenge information entered by the Commissioner into the nationwide licensing system.    (b)    The Commissioner may submit to the nationwide licensing system information regarding enforcement actions against persons engaged in the money transmission business who are not licensees or authorized delegates.
MD. Financial Institutions Code Ann. §  12-431 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 4 - Maryland Money Transmission Act|Section 12-431 - Short Title

    This subtitle may be cited as the Maryland Money Transmission Act.
MD. Financial Institutions Code Ann. §  12-601 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 6 - Safe-Deposit Companies|Section 12-601 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Safe-deposit box” means a locked box or safe that is:        (1)    In a vault under the control of a safe-deposit company; and        (2)    Used by another person for the storage or safekeeping of property.    (c)    “Safe-deposit company” means a person who is engaged in the business of renting safe-deposit boxes to others.
MD. Financial Institutions Code Ann. §  12-602 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 6 - Safe-Deposit Companies|Section 12-602 - Access by Fiduciaries to Safe-Deposit Boxes

    (a)    In this section, “fiduciary” includes the fiduciary’s successor.    (b)    Except as provided in subsection (c) of this section, if a safe-deposit company rents a safe-deposit box to a fiduciary, the safe-deposit company may not permit access to the safe-deposit box:        (1)    By any person other than the fiduciary; and        (2)    If the safe-deposit box is rented to two or more fiduciaries, by less than all of the fiduciaries in person.    (c)    The safe-deposit company may permit access to the safe-deposit box by:        (1)    Any individual authorized by all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by each fiduciary and filed with the safe-deposit company; and        (2)    Less than all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by the remaining fiduciaries and filed with the safe-deposit company.
MD. Financial Institutions Code Ann. §  12-603 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 6 - Safe-Deposit Companies|Section 12-603 - Access to Search for Lessee's Will

    If the lessee of a safe-deposit box dies and, before a personal representative for the lessee’s estate has been appointed, a person wishes to open the safe-deposit box to search for the lessee’s will, a representative of the safe-deposit company shall be present when the safe-deposit box is opened.
MD. Financial Institutions Code Ann. §  12-604 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 6 - Safe-Deposit Companies|Section 12-604 - Limitations on Liability

    (a)    In a contract governing the use of a safe-deposit box by a customer, the safe-deposit company may limit its total liability for any loss resulting from its negligence to a maximum amount, which may not be less than 500 times the annual rental charged for the safe-deposit box.    (b)    The safe-deposit company may provide in the contract that it will not be liable for the loss of any money, jewelry, or other items specified in the contract for this purpose.    (c)    The safe-deposit company may provide in the contract that the fact that an item was left in a safe-deposit box by a customer and, on a subsequent entry by the customer to the safe-deposit box, the property was missing does not:        (1)    Raise a presumption that the property was lost by any negligence or wrongdoing for which the safe-deposit company is responsible; or        (2)    Place on the safe-deposit company the burden of proving that the loss was not its fault.
MD. Financial Institutions Code Ann. §  12-701 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-701 - Supervision and Examination; Application

    (a)    A financial institution may apply to the Commissioner to be supervised and examined by the Commissioner to the same extent that a banking institution is supervised and examined under Title 5, Subtitle 2 of this article, other than § 5–203, if:        (1)    The financial institution is a nonstock corporation under Title 5, Subtitle 2 of the Corporations and Associations Article which is recognized by the Internal Revenue Service as exempt from tax under § 501(c)(3) of the Internal Revenue Code, as amended;        (2)    A majority and all controlling members of the financial institution are persons designated and approved by any banking institutions or national banking associations; and        (3)    The financial institution is engaged solely in the extension of credit, making of loans and arranging of financing for socially or economically disadvantaged businesses for the purpose of:            (i)    Encouraging and supporting the business and commercial development of such businesses; and            (ii)    Participating in and supporting special State, federal, local or private industry programs intended to make available, offer, encourage, guarantee, or otherwise facilitate loan and other financing programs for socially or economically disadvantaged businesses.    (b)    The Commissioner shall supervise and examine a financial institution that has applied to the Commissioner and has met the requirements set forth under subsection (a) of this section.
MD. Financial Institutions Code Ann. §  12-702 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-702 - Qualification

    To qualify for supervision and examination, the applicant shall satisfy the Commissioner that the applicant:         (1)    Is trustworthy and reputable;        (2)    Has a good business reputation; and        (3)    Has sufficient business experience, moral character, financial responsibility, and genuine fitness to:            (i)    Command the confidence of the public; and            (ii)    Warrant the belief that the business will be operated lawfully, honestly, fairly and efficiently.
MD. Financial Institutions Code Ann. §  12-703 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-703 - Form of Application; Fee

    (a)    (1)    To apply for supervision and examination under this subtitle, an applicant shall sign and submit to the Commissioner a verified application on the form that the Commissioner requires.        (2)    The applicant shall comply with all conditions and provisions within the application.        (3)    The applicant shall submit any other information that the Commissioner may require.    (b)    With the application, the applicant shall pay to the Commissioner an investigation fee of $100.00.
MD. Financial Institutions Code Ann. §  12-704 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-704 - Reporting Requirements

    Any financial institution supervised and examined under this subtitle shall be subject to the same reporting requirements as a banking institution under Title 5, Subtitle 2 of this article, other than § 5-208.
MD. Financial Institutions Code Ann. §  12-705 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-705 - Termination of Power to Supervise and Examine

    (a)    If the Commissioner believes that a financial institution supervised and examined under this subtitle has engaged in an unsafe or unsound banking practice, or has failed to comply with the law, the Commissioner shall send a warning to the financial institution.    (b)    If the Commissioner finds that the financial institution has continued to engage in the unsafe or unsound practice, or that the failure to comply with the law has continued, subject to the hearing provisions of § 12-706 of this subtitle, the Commissioner may suspend or terminate its supervision and examination of the financial institution.
MD. Financial Institutions Code Ann. §  12-706 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-706 - Hearing

    (a)    If the Commissioner takes any action under § 12-705(b) of this subtitle, the Commissioner shall give the financial institution the opportunity for a hearing.    (b)    Notice of the hearing shall be given and a hearing shall be held in accordance with the Administrative Procedure Act.
MD. Financial Institutions Code Ann. §  12-707 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-707 - Appeal

    Any person who is aggrieved by any decision or finding of the Commissioner under this subtitle may appeal to the circuit court for the county in which the aggrieved person resides or has a principal place of business, or, if the aggrieved person resides or has a principal place of business in Baltimore City, to the Circuit Court for Baltimore City.
MD. Financial Institutions Code Ann. §  12-708 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-708 - Assessments

    (a)    The Commissioner, not more often than once per year, may impose annual assessments on each financial institution supervised and examined by the Commissioner under this subtitle, to cover the expense of supervising and examining that financial institution.    (b)    (1)    The Commissioner may assess each financial institution the sum of:            (i)    $1,000; plus            (ii)    8 cents for each $1,000 of the assets of the financial institution over $1,000,000.        (2)    The assessments shall be based on assets stated in the financial institution’s most recent financial report.    (c)    The financial institution shall pay any assessment imposed under this section to the Commissioner on or before the February 1 after it is imposed.
MD. Financial Institutions Code Ann. §  12-709 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 7 - Supervision and Examination of Tax Exempt Financial Institutions|Section 12-709 - Regulations

    The Commissioner may adopt regulations to carry out the provisions of this subtitle.
MD. Financial Institutions Code Ann. §  12-801 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-801 - Purpose

    It is the purpose of this subtitle to require certain reports and records of transactions involving currency where the reports and records have a high degree of usefulness in criminal investigations or proceedings which pertain to the subject of the report.