Maryland § 11-513
Full text of Maryland Maryland Code § 11-513, with citation guidance and answers to common questions.
§ 11-513.
(a) Each licensee shall keep and make available to the Commissioner at the licensee’s licensed location any books and records that the Commissioner, by rule or regulation, requires to enable the Commissioner to enforce:
(1) This subtitle;
(2) Any rule or regulation adopted under this subtitle; and
(3) Any other provision regulating the application, making, brokering, or servicing of mortgage loans under Titles 12 through 14 of the Commercial Law Article.
(b) Subject to approval by the Commissioner, nothing in this section is to be construed to prohibit a licensee from maintaining duplicate records or electronic equivalents at the licensee’s licensed location.
(c) Notwithstanding subsection (a) of this section, on approval of the Commissioner, a licensee need not keep at the licensee’s licensed location any books and records otherwise required by the Commissioner under subsection (a) of this section if the licensee:
(1) Makes the books and records available to the Commissioner at the licensee’s licensed location within 5 business days after the Commissioner’s official request; and
(2) Retains the records for at least 61 months in a storage facility disclosed to the Commissioner.
Frequently Asked Questions About Maryland § 11-513
What does Maryland Code § 11-513 cover?
Section 11-513 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-513?
A common citation format is "Maryland Code § 11-513" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-513 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.