Maryland Statutes
Financial Institutions
Title 11 - Consumer Credit

Section 11-203.3 - 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 11-204 - Permitted and Prohibited Loan Activities - (a) A person may not: (1) Receive any application for...

Section 11-205 - Qualifications of Applicant for License - To qualify for a license, an applicant shall satisfy the...

Section 11-206 - Applications for Licenses - (a) (1) To apply for a license, an applicant shall:...

Section 11-207 - Investigation of Application; Issuance of License or Denial of Application - (a) When an applicant for a license files the application...

Section 11-208 - Contents and Scope of Licenses; Additional Licenses - (a) (1) Each license provided for through NMLS shall include...

Section 11-209 - Term and Renewal of Licenses - (a) An initial license term shall: (1) Begin on the...

Section 11-209.1 - Surrender of License - (a) A licensee may surrender a license through NMLS in...

Section 11-210 - License Not Transferable; Display - (a) A license is not transferable. (b) (1) Each licensee...

Section 11-211 - Change of Location - A licensee may not change the location for which a...

Section 11-213 - Licensee to Keep Books and Records - Each licensee shall keep: (1) The books and records that...

Section 11-214 - Investigatory Powers of Commissioner - (a) To discover any violations of the Maryland Consumer Loan...

Section 11-215 - Cease and Desist Orders - (a) Subject to the hearing provisions of § 11-217 of...

Section 11-216 - Suspensions and Revocations - (a) Subject to the hearing provisions of § 11-217 of...

Section 11-217 - Hearings - (a) Before the Commissioner takes any action under § 11-215...

Section 11-218 - Judicial Review - (a) Any applicant for a license or any licensee who...

Section 11-219 - Sale of Loan Account to Unlicensed Person - (a) A licensee may not sell a loan account to...

Section 11-220 - Reporting of Criminal Violations - The Commissioner shall report to the appropriate State’s Attorney any...

Section 11-221 - Interpretation and Construction of Subtitle - This subtitle shall be interpreted and construed to effectuate its...

Section 11-222 - Penalties - Any person who violates any provision of § 11–203.1(a) of...

Section 11-223 - Short Titles - (a) This subtitle may be cited as the Maryland Consumer...

Subtitle 3 - Installment Loans -- Licensing Provisions

Section 11-301 - Definitions - (a) In this subtitle the following words have the meanings...

Section 11-302 - Scope of Subtitle - (a) This subtitle does not apply to any loan or...

Section 11-303 - Application of Maryland Consumer Loan Law -- Licensing Provisions - Unless the person is licensed by the Commissioner, a person...

Section 11-304 - Application of Maryland Consumer Loan Law -- Licensing Provisions - A license under this subtitle shall be applied for and...

Section 11-305 - Penalties - Any person who violates any provision of this subtitle is...

Subtitle 4 - Sales Finance Companies -- Licensing Provisions

Section 11-401 - Definitions - (a) In this subtitle the following words have the meanings...

Section 11-402 - Scope of Subtitle - The licensing provisions of this subtitle do not apply to...

Section 11-402.1 - 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 11-403 - License Required; Local Licenses Prohibited; Transfer of Information to Nmls - (a) Except as otherwise provided in this subtitle, a person...

Section 11-404 - Applications for Licenses - (a) (1) To apply for a license, an applicant shall:...

Section 11-405 - Grounds for Denial of Application - The Commissioner may deny an application if the applicant or...

Section 11-406 - Investigation Expenses; Other Payments Prohibited - (a) In addition to the investigation fee required by §...

Section 11-407 - Issuance of License or Denial of Application - (a) When an applicant for a license files the application...

Section 11-408 - Contents and Scope of Licenses; Additional Licenses - (a) (1) Each license provided for through NMLS shall include...

Section 11-409 - Term; Expiration and Renewal - (a) An initial license term shall: (1) Begin on the...

Section 11-410 - License Not Transferable; Display - (a) A license is not transferable. (b) (1) Each licensee...

Section 11-411 - Change of Location - If a licensee changes the location for which a license...

Section 11-412 - Surrender of License - (a) A licensee may surrender the license through NMLS in...

Section 11-412.1 - Confidentiality of Information - (a) (1) The requirements under any federal law and Title...

Section 11-413 - Investigatory Powers of Commissioner - (a) The Commissioner may not examine or audit any licensee...

Section 11-414 - Suspensions and Revocations - (a) Subject to the hearing provisions of § 11-415 of...

Section 11-415 - Hearings - (a) Before the Commissioner takes any action under § 11-414...

Section 11-416 - Judicial Review - (a) Any person aggrieved by a decision of the Commissioner...

Section 11-417 - Effect of Surrender, Suspension, or Revocation - (a) The surrender, suspension, or revocation of a license does...

Section 11-418 - Incorrect Statements Prohibited - A person may not knowingly: (1) Make an incorrect statement...

Section 11-419 - Penalties - Any person who violates or participates in the violation of...

Subtitle 5 - Maryland Mortgage Lender Law

Section 11-501 - Definitions - (a) In this subtitle the following words have the meanings...

Section 11-502 - Applicability - (a) In this section, “affiliate” means any company that controls,...

Section 11-503 - Rules and Regulations - The Commissioner may adopt rules and regulations to carry out...

Section 11-503.1 - Fee Regulations - (a) The Commissioner shall set by regulation the fees provided...

Section 11-503.2 - 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 11-504 - License or Registration Requirement - A person may not act as a mortgage lender unless...

Section 11-505 - Licenses and Licensees Generally - (a) A license issued under this subtitle authorizes the licensee...

Section 11-506 - Qualifications for License - (a) To qualify for a license, an applicant shall satisfy...

Section 11-506.1 - Exemptions From License Requirement; Fingerprinting - (a) This section does not apply to any corporation the...

Section 11-507 - Applications for Licenses - (a) (1) To apply for a license, an applicant shall:...

Section 11-508 - Surety Bonds - (a) With the application for a new license, an applicant...

Section 11-508.1 - Lender Net Worth Requirements - (a) An applicant for a new license or for the...

Section 11-509 - Investigation of Applicant; Issuance of License - (a) When an applicant for a license files the application...

Section 11-510 - Denial of License - (a) If an applicant does not meet the requirements of...

Section 11-511 - Term and Renewal of Licenses - (a) Subject to any regulations the Commissioner adopts in connection...

Section 11-511.1 - Continuing Education - (a) By July 1, 2000, the Commissioner shall adopt regulations...

Section 11-512 - Change of Place of Business; Change in Control - (a) (1) A licensee may not change the place of...

Section 11-512.1 - Information Posted by Licensee at Licensed Location and on Website -- Exclusion - (a) Each licensee shall conspicuously post, in 48 point or...

Section 11-513 - Books and Records - (a) Each licensee shall keep and make available to the...

Section 11-513.1 - Quarterly Call Reports - (a) A licensee shall submit to NMLS a call report...

Section 11-514 - Surrender of License - (a) A licensee may surrender a license through NMLS in...

Section 11-515 - Investigatory Powers and Duties of Commissioner; Complaints - (a) (1) The Commissioner shall examine the business of each...

Section 11-516 - Order to Stop Doing Business - (a) If the Commissioner finds that the conduct of any...

Section 11-517 - Suspension or Revocation of License; Enforcement of Subtitle, Regulations, etc.; Employment of Mortgage Originators - (a) Subject to the hearing provisions of § 11-518 of...

Section 11-518 - Hearings - (a) Before the Commissioner takes any action under § 11-516...

Section 11-519 - Reinstatement of Suspended License; Issuance of New License After Revocation - The Commissioner may reinstate a suspended license or issue a...

Section 11-520 - Trade Names - A mortgage lender may not do business under any trade...

Section 11-521 - Independent Evidence of Commercial Purpose - (a) A mortgage lender shall require a borrower to provide...

Section 11-523 - Penalties - (a) Any person who willfully violates any provision of this...

Section 11-524 - Short Title - This subtitle may be cited as the Maryland Mortgage Lender...

Subtitle 6 - Mortgage Loan Originators

Section 11-601 - Definitions - (a) In this subtitle the following words have the meanings...

Section 11-602 - General Consideration - (a) (1) The licensing provisions of this subtitle do not...

Section 11-603 - Powers of Licensees - (a) A license issued under this subtitle authorizes the licensee...

Section 11-603.1 - Affiliated Insurance Producer-Mortgage Loan Originator - (a) In this section, “affiliated insurance producer–mortgage loan originator” means...

Section 11-604 - Application - (a) (1) To apply for a license, an applicant shall:...

Section 11-605 - Qualifications for License - (a) The Commissioner may not issue a mortgage loan originator...

Section 11-606 - Prelicensing Education Courses - (a) To qualify for an initial license, an applicant shall...

Section 11-606.1 - Written Tests - (a) To qualify for an initial license, an applicant shall...

Section 11-607 - Investigation and Approval - (a) When an applicant for a license files the application...

Section 11-608 - Denial of Application - (a) If the Commissioner denies an application, the Commissioner: (1)...

Section 11-609 - Term, Expiration, and Renewal of License - (a) Subject to any regulations the Commissioner adopts in connection...

Section 11-610 - Nondepository Special Fund - (a) There is a Nondepository Special Fund that consists of:...

Section 11-611 - Appropriations - For fiscal year 2006 and each fiscal year thereafter, the...

Section 11-612 - Continuing Education - (a) Before applying for renewal of a license, a licensee...

Section 11-612.1 - Regulations -- Fees - (a) The Commissioner shall set by regulation the fees provided...

Section 11-612.2 - Expedited Licensing of Service Member, Veteran, or Military Spouse - (a) (1) In this section the following words have the...

Section 11-613 - Investigations - (a) (1) Any person aggrieved by the conduct of a...

Section 11-614 - Order to Stop Operations - (a) If the Commissioner finds that the conduct of any...

Section 11-615 - Violations; Penalties - (a) Subject to the hearing provisions of § 11–616 of...

Section 11-616 - Hearings - (a) Before the Commissioner takes any action under § 11-614...

Section 11-617 - Criminal Sanctions for Willful Violations - Any person who willfully violates the provisions of this subtitle...

Section 11-618 - Mortgage Lender Not Relieved of Responsibility by Employment of Mortgage Originator - The employment of a mortgage loan originator licensed under this...

Section 11-619 - Surety Bond - (a) Each mortgage loan originator shall be covered by a...

Section 11-620 - Confidentiality of Information - (a) (1) Except as otherwise provided in 12 U.S.C. §...

Section 11-621 - Registration of Employees of Nonfederally Insured Credit Unions - Nonfederally insured credit unions that employ mortgage loan originators shall...

Section 11-622 - Reports to Nationwide Mortgage Licensing System and Registry; Regulations - (a) Notwithstanding Title 4, Subtitles 1 through 5 of the...

Section 11-623 - Display of Unique Identifier - The unique identifier of a mortgage loan originator shall be...

Section 11-624 - Prohibited and Permitted Acts - (a) A person subject to this subtitle may not, in...

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Maryland Statutes Financial Institutions Title 11 - Consumer Credit

Maryland Statutes
Financial Institutions
Title 11 - Consumer Credit