§ 11-203.1. License requirement
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 11-203.1
§ 11-203.1. License requirement
(a) Unless a person is licensed by the Commissioner, the person may not:
(b) Except as otherwise provided in § 11-204 of this subtitle or authorized by the Commissioner by regulation, a licensee may not engage in the business of making loans at a location other than a licensed location.
(c) During the time period established by the Commissioner under subsection (d) of this section, each licensee shall:
(d)(1) The Commissioner shall establish a time period that is not less than 2 months within which a licensee must transfer licensing information to NMLS.
(e) Subject to subsection (c) of this section, an applicant for an initial license or a license renewal shall apply for the initial license or license renewal through NMLS:
Credits
Added by Acts 2017, c. 253, § 1, eff. July 1, 2017. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 11-203.1, MD FIN INST § 11-203.1
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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