§ 12-410. Contents and transferability of licenses
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-410
§ 12-410. Contents and transferability of licenses
(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, under any licensed name and, for each self-service financial kiosk, the address or geographic area listed for the self-service financial kiosk in NMLS, or as otherwise authorized by the Commissioner through regulation.
(f)(1) Each licensee shall conspicuously post, in 48 point or larger type, at each licensed location the following information:
(3) Each licensee shall conspicuously display the following information on the licensee's website, any mobile application through which the services are offered, the outside of the self-service financial kiosk, any software application accessible to the public and used for money transmission services, and profile page within each social media platform the licensee uses:
(g) A licensee is not required to post the information required in subsection (f)(1) of this section at a licensed location if the licensed location is not a self-service financial kiosk and the licensee does not regularly grant access to that licensed location to members of the general public.
Credits
Added as Financial Institutions § 12-408 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996. Renumbered as Financial Institutions § 12-410 by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002. Amended by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002; Acts 2012, c. 78, § 1, eff. June 1, 2012; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021; Acts 2021, c. 109, § 5; Acts 2022, c. 135, § 1, eff. April 12, 2022; Acts 2023, c. 567, § 1, eff. July 1, 2023.
Formerly Art. 11, §§ 208, 215, 216.
MD Code, Financial Institutions, § 12-410, MD FIN INST § 12-410
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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