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§ 14-1903. License requirements

West's Annotated Code of MarylandCommercial LawEffective: October 1, 2021

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 19. Maryland Credit Services Businesses Act (Refs & Annos)
Effective: October 1, 2021
MD Code, Commercial Law, § 14-1903
§ 14-1903. License requirements
Currentness
(a) Notwithstanding any election of law or designation of situs in any contract, this subtitle applies to any contract for credit services if:
(1) The credit services business offers or agrees to sell, provide, or perform any services to a resident of this State;
(2) A resident of this State accepts or makes the offer in this State to purchase the services of the credit services business; or
(3) The credit services business makes any verbal or written solicitation or communication that originates either inside or outside of this State but is received in the State by a resident of this State.
(b) A credit services business is required to be licensed under this subtitle and is subject to the licensing, investigatory, enforcement, and penalty provisions of this subtitle and Title 11, Subtitle 3 of the Financial Institutions Article.
(c)(1) A license required by this subtitle shall be issued by the Commissioner.
(2) The unique identifier of the licensee shall constitute the license number for the license.
(d) A person not included within the definition of a credit services business as provided in § 14-1901(e)(3) of this subtitle is exempt from licensure requirements under this subtitle.

Credits

Added by Acts 1991, c. 628, § 1, eff. July 1, 1991. Amended by Acts 2001, c. 29, § 1, eff. April 10, 2001; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.
MD Code, Commercial Law, § 14-1903, MD COML § 14-1903
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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