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§ 11-208. Contents of license

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2021

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 2. Consumer Loans--Licensing Provisions (Refs & Annos)
Effective: October 1, 2021
MD Code, Financial Institutions, § 11-208
§ 11-208. Contents of license
Currentness
Name, address, and unique identifier
(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.
License authorizes licensee to do business under license
(b)(1) A license authorizes the licensee to do business under the license, at the licensed location and under the name stated on the license.
(2) Only one location may be maintained under any one license.
Multiple licenses issued to one licensee
(c) Subject to § 11-203.1(b) of this subtitle, the Commissioner may issue more than one license to an applicant who:
(1) Conducts activities for which a license is required at more than one location;
(2) Complies with § 11-206 of this subtitle; and
(3) Otherwise meets the requirements of this subtitle.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.
MD Code, Financial Institutions, § 11-208, MD FIN INST § 11-208
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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