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§ 11-410. Transferability and display of license

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 4. Sales Finance Companies--Licensing Provisions
Effective: July 1, 2023
MD Code, Financial Institutions, § 11-410
§ 11-410. Transferability and display of license
Currentness
License not transferable
(a) A license is not transferable.
Information to post or display
(b)(1) Each licensee shall conspicuously post, in 48 point or larger type, at each licensed location the following information:
(i) The licensee's unique identifier; and
(ii) A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.
(2) Each licensee shall conspicuously display the following information on the licensee's website, any software application accessible to the public and used to engage in business as a sales finance company, and profile page within each social media platform the licensee uses:
(i) The licensee's unique identifier; and
(ii) A link to the NMLS Consumer Access website.
Exception
(c) A licensee is not required to post the information required in subsection (b)(1) of this section at a licensed location if the licensee does not regularly grant access to that licensed location to members of the general public.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. 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.
Formerly Art. 83, § 158.
MD Code, Financial Institutions, § 11-410, MD FIN INST § 11-410
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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