Maryland Statutes
Title 12 - Miscellaneous Institutions and Activities
Subtitle 9 - Maryland Debt Management Services Act

Section 12-901 - Definitions - (a) In this subtitle the following words have the meanings...

Section 12-902 - Applicability - This subtitle does not apply to: (1) The following persons...

Section 12-904 - Fees - (a) An applicant shall submit separate applications for the applicant’s...

Section 12-905 - 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 12-906 - Debt Management Services Without License Prohibited; Requirements - (a) Whether or not the person maintains an office in...

Section 12-907 - License Requirements - (a) To qualify for a license, an applicant shall satisfy...

Section 12-908 - Application - (a) To apply for a license, an applicant shall: (1)...

Section 12-909 - Fingerprints and Criminal History Records Check - (a) In connection with an initial application, a renewal application,...

Section 12-910 - Investigation; Time Period; Issuance; Denial - (a) After an applicant for a license files a complete...

Section 12-911 - Contents of License; Authorization; Transfer; Display; Notice on Website - (a) (1) Each license provided for through NMLS shall include...

Section 12-912 - Term, Expiration, and Renewal of License - (a) An initial license term shall: (1) Begin on the...

Section 12-913 - Surrender - (a) (1) A licensee may surrender a license through NMLS...

Section 12-914 - Surety Bond - (a) With the application for a new license, an applicant...

Section 12-915 - Change of Information Included in the Application - (a) (1) A licensee shall update through NMLS any change...

Section 12-916 - Requirements for Providing Debt Management Services - (a) (1) A licensee may not perform debt management services...

Section 12-917 - Trust Account - (a) Within 2 business days after receipt, a licensee shall...

Section 12-918 - Fees - (a) With respect to the provision of debt management services,...

Section 12-919 - Accounting - (a) A licensee shall provide to each consumer with whom...

Section 12-920 - Prohibited Activities - (a) A licensee may not: (1) Purchase any debt or...

Section 12-921 - Reports - (a) (1) On or before April 30 of each year,...

Section 12-922 - Retention of Books, Accounts, and Records - (a) To enable the Commissioner to determine compliance with this...

Section 12-923 - Investigation - (a) To discover any violations of this subtitle or to...

Section 12-924 - On-Site Examination - (a) The Commissioner may conduct an on-site examination of a...

Section 12-925 - License Number to Be Included in Advertisement - A licensee shall include in any advertisement the licensee’s unique...

Section 12-926 - Denial, Suspension, Revocation of License - (a) Except as provided in subsection (c) of this section,...

Section 12-927 - Hearing - (a) Before the Commissioner denies an application for a license...

Section 12-928 - Enforcement of Subtitle - (a) (1) The Commissioner may enforce the provisions of this...

Section 12-929 - Penalty for Violation of Subtitle - A person who knowingly and willfully violates any provision of...

Section 12-930 - Civil Action - In addition to any other remedies provided in this subtitle,...

Section 12-931 - Title - This subtitle may be cited as the Maryland Debt Management...