§ 11-506.1. Criminal history background checks of applicants or licensees
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 11-506.1
§ 11-506.1. Criminal history background checks of applicants or licensees
(a) This section does not apply to any corporation the securities of which are exempt from registration under § 11-601(8) or (12) of the Corporations and Associations Article.
(b) In connection with an initial application for a license under § 11-507 of this subtitle, and at any other time the Commissioner requests, an applicant or licensee shall provide to NMLS information concerning the applicant's identity, including:
(c) The Commissioner may request from the Federal Bureau of Investigation or NMLS, as applicable, for each applicant or licensee who is required to provide fingerprints under subsection (b) of this section:
(d) An applicant or licensee who is required to provide fingerprints under subsection (b) of this section shall pay any processing or other fees required by the Federal Bureau of Investigation and NMLS.
(e) To implement this subtitle, the Commissioner may use NMLS as a channeling agent to request information from and distribute information to the Department of Justice, any other governmental agency with subject matter jurisdiction, and any other state licensing entity that has loan originators registered with NMLS.
Credits
Added by Acts 1997, c. 588, § 1, eff. Oct. 1, 1997. Amended by Acts 2009, c. 4, § 1, eff. July 1, 2009; Acts 2011, c. 148, § 1, eff. Oct. 1, 2011; Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 11-506.1, MD FIN INST § 11-506.1
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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