(a) The provisions of this subtitle do not apply to:
(1) Any banking institution;
(2) Any other-state bank;
(3) Any national banking association or savings bank;
(4) Any credit union;
(5) Any savings and loan association;
(6) The United States government or any of its departments, agencies, or instrumentalities;
(7) An accredited institution of higher education, as defined under § 10-101 of the Education Article;
(8) The sale of payment instruments by any person on behalf of any other person who is exempted by this subsection, if the payment instruments were received from the other person under a trust receipt for the specific purpose of sale;
(9) The provision of electronic transfer of government benefits for any federal, state, or county governmental agency as defined in Federal Reserve Board Regulation E, by a contractor for and on behalf of the United States or any of its departments, agencies, or instrumentalities, or any state or any political subdivision of any state; or
(10) Any authorized delegate of a licensee, acting within the scope of authority conferred by a written contract as described in § 12-413 of this subtitle.
(b) Any person who is exempted by this section nevertheless may apply for and, if qualified, receive a license.
Structure Maryland Statutes
Title 12 - Miscellaneous Institutions and Activities
Subtitle 4 - Maryland Money Transmission Act
Section 12-402 - Scope of Subtitle
Section 12-403 - Powers of Commissioner
Section 12-405 - License Required
Section 12-406 - Qualifications of Applicant for License
Section 12-407 - Applications for Licenses
Section 12-408 - Fingerprinting
Section 12-409 - Investigation of Application; Issuance or Denial of License
Section 12-410 - Contents and Scope of Licenses; Additional Licenses
Section 12-411 - Term and Renewal of Licenses
Section 12-412 - Required Bond or Permissible Investments
Section 12-413 - Authorized Delegate
Section 12-413.1 - Training to Recognize Financial Abuse and Exploitation of Elder Adult
Section 12-415 - Change of Location or Control; Penalties
Section 12-416 - Reports to Commissioner
Section 12-417 - Compliance With Federal and State Laws
Section 12-418 - Required Permissible Investments; Segregation of Money by Authorized Delegate
Section 12-419 - Issuance of Duplicate Payment Instruments
Section 12-420 - Redemption of Unused Payment Instruments
Section 12-421 - Determination of Compliance With Subtitle
Section 12-422 - Voluntary Surrender of License
Section 12-423 - Investigatory Powers of Commissioner
Section 12-425 - Required Records
Section 12-427 - Persons Subject to Enforcement
Section 12-429 - Enforcement of Subtitle
Section 12-430.1 - Reporting and Enforcement of Actions Against Money Transmitters