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§ 12-430.1. Enforcement actions against money transmitters or authorized delegates

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

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 4. Maryland Money Transmission Act
Effective: October 1, 2021
MD Code, Financial Institutions, § 12-430.1
§ 12-430.1. Enforcement actions against money transmitters or authorized delegates
In general
(a)(1) Notwithstanding Title 4, Subtitles 1 through 5 of the General Provisions Article, and subject to § 12-408.1 of this subtitle, the Commissioner shall report adjudicated enforcement actions against a money transmitter or its authorized delegate and other relevant information to NMLS.
(2) The Commissioner shall adopt regulations establishing a process by which a licensee or an applicant for a license may challenge information entered by the Commissioner into NMLS.
Information regarding enforcement actions
(b) The Commissioner may submit to NMLS information regarding enforcement actions against money transmitters who are not licensees or authorized delegates.


Added by Acts 2012, c. 78, § 1, eff. June 1, 2012. Amended by Acts 2014, c. 104, § 2, eff. Oct. 1, 2014; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021.
MD Code, Financial Institutions, § 12-430.1, MD FIN INST § 12-430.1
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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