Maryland Statutes
Subtitle 9 - Maryland Debt Management Services Act
Section 12-911 - Contents of License; Authorization; Transfer; Display; Notice on Website

(a)    (1)    Each license provided for through NMLS shall include the following information:
            (i)    The name of the licensee;
            (ii)    The address of the location at which the business is to be conducted; and
            (iii)    The unique identifier of the licensee.
        (2)    The unique identifier of the licensee shall constitute the license number for the license.
    (b)    A license authorizes the licensee to provide debt management services.
    (c)    A license may not be transferred, assigned, or pledged.
    (d)    Each licensee shall conspicuously post, in 48 point or larger type, at the licensee’s licensed location the following information:
        (1)    The licensee’s unique identifier; and
        (2)    A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.
    (e)    Each licensee shall conspicuously display the following information on the licensee’s website, any software application accessible to the public and used to provide debt management services, and profile page within each social media platform the licensee uses:
        (1)    The licensee’s unique identifier;
        (2)    A link to the NMLS Consumer Access website; and
        (3)    A notice stating, “The Commissioner of Financial Regulation for the State of Maryland will accept any questions and complaints from Maryland residents regarding (name and unique identifier of the debt management services provider) at (address of Commissioner), phone (toll–free number of the Commissioner).
    (f)    Only one location may be maintained under any one license.
    (g)    A licensee is not required to post the information required in subsection (d) of this section if the licensee does not regularly grant access to the licensed location to members of the general public.

Structure Maryland Statutes

Maryland Statutes

Financial Institutions

Title 12 - Miscellaneous Institutions and Activities

Subtitle 9 - Maryland Debt Management Services Act

Section 12-901 - Definitions

Section 12-902 - Applicability

Section 12-904 - Fees

Section 12-905 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds

Section 12-906 - Debt Management Services Without License Prohibited; Requirements

Section 12-907 - License Requirements

Section 12-908 - Application

Section 12-909 - Fingerprints and Criminal History Records Check

Section 12-910 - Investigation; Time Period; Issuance; Denial

Section 12-911 - Contents of License; Authorization; Transfer; Display; Notice on Website

Section 12-912 - Term, Expiration, and Renewal of License

Section 12-913 - Surrender

Section 12-914 - Surety Bond

Section 12-915 - Change of Information Included in the Application

Section 12-916 - Requirements for Providing Debt Management Services

Section 12-917 - Trust Account

Section 12-918 - Fees

Section 12-919 - Accounting

Section 12-920 - Prohibited Activities

Section 12-921 - Reports

Section 12-922 - Retention of Books, Accounts, and Records

Section 12-923 - Investigation

Section 12-924 - On-Site Examination

Section 12-925 - License Number to Be Included in Advertisement

Section 12-926 - Denial, Suspension, Revocation of License

Section 12-927 - Hearing

Section 12-928 - Enforcement of Subtitle

Section 12-929 - Penalty for Violation of Subtitle

Section 12-930 - Civil Action

Section 12-931 - Title