Section 7-306 – Licenses — Term; Renewal; Expiration
(a) An initial license term shall: (1) begin on the date the license is issued; and (2) expire on December 31 of the year: (i) in which the license is issued, if the license is issued before November 1; or (ii) immediately following the year in which the license is issued, if the license is issued on or after November […]
Section 7-306.1 – Information Posted by Licensee at Licensed Location and on Website — Exclusion
(a) Each licensee shall conspicuously post, in 48 point or larger type, at the licensee’s licensed location, the following information: (1) the licensee’s unique identifier; and (2) a statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee. (b) Each licensee shall conspicuously display the following information on the […]
Section 7-307 – Surrender of License
(a) A licensee may surrender a license through NMLS in accordance with the process that the Board requires. (b) If a license is surrendered voluntarily, or is suspended or revoked, the Board may not refund any part of the license fee regardless of the time remaining in the license term. (c) The surrender of a license does not […]
Section 7-307.1 – Confidentiality of Information
(a) (1) The requirements under any federal law and Title 4, Subtitles 1 through 5 of the General Provisions Article regarding the privacy or confidentiality of information or material provided to NMLS, and any privilege arising under federal or state law, including the rules of any federal or state court with respect to that information or material, […]
Section 7-308 – Reprimands, Suspensions, and Revocations — Grounds
(a) Subject to the hearing provisions of § 7–309 of this subtitle, the Board may reprimand a licensee or suspend or revoke a license if the licensee or any owner, director, officer, member, partner, or agent of the licensee: (1) makes any material misstatement in an application for a license; (2) is convicted under the laws of the […]
Section 7-309 – Reprimands, Suspensions, and Revocations — Hearings; Enforcement of Orders
(a) (1) Except as otherwise provided in § 10-226 of the State Government Article, before the Board takes any final action under § 7-308 of this subtitle, or under § 7-205 of this title, it shall give the person against whom the action is contemplated an opportunity for a hearing before the Board. (2) A hearing shall be […]
Section 7-310 – Judicial Review
A party to a proceeding before the Board who is aggrieved by a final decision of the Board in a contested case, as defined in § 10-202 of the State Government Article, may take an appeal as allowed in §§ 10-222 and 10-223 of the State Government Article.
Section 7-311 – Effect of Revocation or Suspension
The suspension or revocation of a license does not affect the obligation of a claim that the licensee lawfully acquired before the suspension or revocation.
Section 7-401 – Doing Business Without License
(a) Except as otherwise provided in this title, a person may not knowingly and willfully do business as a collection agency in the State unless the person has a license. (b) A person who violates this section is guilty of a misdemeanor, and on conviction, is subject to a fine not exceeding $1,000 or imprisonment not exceeding […]
Section 7-501 – Short Title
This title is the Maryland Collection Agency Licensing Act.