Maryland Statutes
Business Regulation
Title 7 - Collection Agencies

Subtitle 1 - Definitions; General Provisions

Section 7-101 - Definitions - (a) In this title the following words have the meanings...

Section 7-102 - Scope of Title - (a) (1) In this section the following words have the...

Section 7-103 - Effect on Other Laws - (a) This title does not prohibit the State Division of...

Section 7-104 - Local License Prohibited - Only the State may require a person to hold a...

Subtitle 2 - State Collection Agency Licensing Board

Section 7-201 - Established - There is a State Collection Agency Licensing Board in the...

Section 7-202 - Membership - (a) (1) The Board consists of the following 5 members:...

Section 7-203 - Chairman - The Commissioner is chairman of the Board.

Section 7-204 - Meetings; Expenses; Staff - (a) The Board shall set the times and places of...

Section 7-205 - Enforcement Powers; Penalties - (a) To carry out this title, the Board may, subject...

Section 7-206 - Disposition of Money - The Board shall pay all money collected under this title...

Section 7-207 - Authority of Secretary - The Board exercises its powers, duties, and functions subject to...

Subtitle 3 - Licenses

Section 7-301 - License Required; Exceptions - (a) Except as otherwise provided in this title, a person...

Section 7-302 - Applications for Licenses; Renewals - (a) An applicant for a license shall: (1) submit a...

Section 7-302.1 - Board to Set Fees by Regulation - (a) The Board shall set by regulation the fees provided...

Section 7-302.2 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds - (a) All revenue received for the licensing of persons under...

Section 7-303 - Approval or Denial of Application - (a) Within 60 days after an applicant submits a complete...

Section 7-304 - Surety Bond - (a) With an application for a new license, an applicant...

Section 7-305 - Scope of License; Multiple Licenses Authorized - (a) A license authorizes the licensee to do business as...

Section 7-306 - Licenses -- Term; Renewal; Expiration - (a) An initial license term shall: (1) begin on the...

Section 7-306.1 - Information Posted by Licensee at Licensed Location and on Website -- Exclusion - (a) Each licensee shall conspicuously post, in 48 point or...

Section 7-307 - Surrender of License - (a) A licensee may surrender a license through NMLS in...

Section 7-307.1 - Confidentiality of Information - (a) (1) The requirements under any federal law and Title...

Section 7-308 - Reprimands, Suspensions, and Revocations -- Grounds - (a) Subject to the hearing provisions of § 7–309 of...

Section 7-309 - Reprimands, Suspensions, and Revocations -- Hearings; Enforcement of Orders - (a) (1) Except as otherwise provided in § 10-226 of...

Section 7-310 - Judicial Review - A party to a proceeding before the Board who is...

Section 7-311 - Effect of Revocation or Suspension - The suspension or revocation of a license does not affect...

Subtitle 4 - Prohibited Acts; Penalties

Section 7-401 - Doing Business Without License - (a) Except as otherwise provided in this title, a person...

Subtitle 5 - Short Title; Termination of Title

Section 7-501 - Short Title - This title is the Maryland Collection Agency Licensing Act.

Section 7-502 - Termination of Title - Subject to the evaluation and reestablishment provisions of the Maryland...