§ 12-911. Licenses; information; transferability; requirements
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-911
§ 12-911. Licenses; information; transferability; requirements
(a) Information in NMLS associated with a license approved by the Commissioner under this subtitle shall include the following:
(b) A licensee shall maintain and update the information in NMLS associated with the licensee's license to reflect accurately at all times the information required by subsection (a) of this section.
(c) The unique identifier assigned by NMLS to a licensee shall constitute the licensee's license number.
(d) A license authorizes the licensee to do business under the license at any licensed location and under any licensed name, or as otherwise authorized by the Commissioner through regulation.
(f) Each licensee shall conspicuously post, in 48 point or larger type, at each licensed location the following information:
(g) 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:
(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).
Credits
Added by Acts 2003, c. 374, § 1, eff. Oct. 1, 2003; Acts 2003, c. 375, § 1, eff. Oct. 1, 2003. Amended by Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021; Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-911, MD FIN INST § 12-911
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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