Maryland § 17-412
Full text of Maryland Maryland Code § 17-412, with citation guidance and answers to common questions.
§ 17-412.
(a) If the Commission orders payment by the Guaranty Fund of a claim based on an act or omission for which a licensee is responsible, the Commission immediately and without further proceedings shall suspend the license of the licensee.
(b) The Commission may not reinstate a license that is suspended under this section until the individual whose license was suspended:
(1) repays in full:
(i) the amount paid by the Guaranty Fund; and
(ii) the interest due under § 17-411(a)(2) of this subtitle; and
(2) applies to the Commission for reinstatement of the license.
(c) Regardless of whether the disciplinary sanction was imposed for the same act or omission that gave rise to the claim against the Guaranty Fund, the reimbursement of the Guaranty Fund by a licensee does not affect any sanction imposed by the Commission against an individual under the disciplinary provisions of Subtitle 3 of this title.
Frequently Asked Questions About Maryland § 17-412
What does Maryland Code § 17-412 cover?
Section 17-412 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 § 17-412?
A common citation format is "Maryland Code § 17-412" (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 § 17-412 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.