(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.
Maryland Legal Code