Maryland Statutes
Title 12 - Miscellaneous Institutions and Activities
Subtitle 4 - Maryland Money Transmission Act

Section 12-401 - Definitions - (a) In this subtitle the following words have the meanings...

Section 12-402 - Scope of Subtitle - (a) The provisions of this subtitle do not apply to:...

Section 12-403 - Powers of Commissioner - To carry out the provisions of this subtitle, the Commissioner...

Section 12-404 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds - (a) All revenue received for the licensing of money transmitters...

Section 12-405 - License Required - (a) A person may not engage in the business of...

Section 12-406 - Qualifications of Applicant for License - (a) To qualify for a license, an applicant shall satisfy...

Section 12-407 - Applications for Licenses - (a) (1) To apply for a license, an applicant shall:...

Section 12-408 - Fingerprinting - (a) This section does not apply to any corporation the...

Section 12-408.1 - Privacy or Confidentiality of Information and Privilege Under Federal or State Law - (a) (1) The requirements under any federal law and Title...

Section 12-409 - Investigation of Application; Issuance or Denial of License - (a) After the filing of a complete application, the Commissioner...

Section 12-410 - Contents and Scope of Licenses; Additional Licenses - (a) (1) Each license provided for through NMLS shall include...

Section 12-411 - Term and Renewal of Licenses - (a) Subject to any regulations the Commissioner adopts in connection...

Section 12-412 - Required Bond or Permissible Investments - (a) In this section, “trust company” has the meaning stated...

Section 12-413 - Authorized Delegate - (a) (1) Each authorized delegate that a licensee appoints under...

Section 12-413.1 - Training to Recognize Financial Abuse and Exploitation of Elder Adult - (a) (1) In this section the following words have the...

Section 12-414 - Fraud, False Statements, or Misrepresentation Prohibited; Management of Funds; Reporting Loss or Theft of Funds - (a) An authorized delegate may not make any fraudulent or...

Section 12-415 - Change of Location or Control; Penalties - (a) (1) A licensee may not change the place of...

Section 12-416 - Reports to Commissioner - (a) A licensee shall submit to NMLS a call report...

Section 12-417 - Compliance With Federal and State Laws - A licensee shall comply with all federal and State laws...

Section 12-418 - Required Permissible Investments; Segregation of Money by Authorized Delegate - (a) (1) Subject to paragraph (2) of this subsection, a...

Section 12-419 - Issuance of Duplicate Payment Instruments - (a) The original buyer of a payment instrument may request...

Section 12-420 - Redemption of Unused Payment Instruments - Except as permitted by § 17-308.1 of the Commercial Law...

Section 12-421 - Determination of Compliance With Subtitle - If the Commissioner finds that the books, records, and accounting...

Section 12-422 - Voluntary Surrender of License - (a) (1) A licensee may surrender a license through NMLS...

Section 12-423 - Investigatory Powers of Commissioner - (a) To discover any violations of this subtitle or to...

Section 12-424 - Examinations - (a) The Commissioner may conduct an on–site examination of a...

Section 12-425 - Required Records - (a) Each licensee shall make and preserve the following books,...

Section 12-426 - Violations - (a) Subject to the hearing provisions of § 12-428 of...

Section 12-427 - Persons Subject to Enforcement - A money transmitter is subject to the enforcement provisions of...

Section 12-428 - Hearings - (a) Before the Commissioner denies an application for a license...

Section 12-429 - Enforcement of Subtitle - The State’s Attorney for the county in which the violation...

Section 12-430 - Penalties - Any person who knowingly and willfully violates any provision of...

Section 12-430.1 - Reporting and Enforcement of Actions Against Money Transmitters - (a) (1) Notwithstanding Title 4, Subtitles 1 through 5 of...

Section 12-431 - Short Title - This subtitle may be cited as the Maryland Money Transmission...