Section 11-220 – Reporting of Criminal Violations
The Commissioner shall report to the appropriate State’s Attorney any alleged criminal violation of the Maryland Consumer Loan Law.
Section 11-221 – Interpretation and Construction of Subtitle
This subtitle shall be interpreted and construed to effectuate its general remedial purpose.
Section 11-222 – Penalties
Any person who violates any provision of § 11–203.1(a) of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $5,000 or imprisonment not exceeding 3 years or both.
Section 11-223 – Short Titles
(a) This subtitle may be cited as the Maryland Consumer Loan Law – Licensing Provisions. (b) This subtitle and the Maryland Consumer Loan Law – Credit Provisions may be cited jointly as the Maryland Consumer Loan Law.
Section 11-208 – Contents and Scope of Licenses; Additional Licenses
(a) (1) Each license provided for through NMLS shall include the following information: (i) The name of the licensee; (ii) The address of the location at which the business is to be conducted; and (iii) The unique identifier of the licensee. (2) The unique identifier of the licensee shall constitute the license number for the license. (b) (1) A license authorizes the licensee […]
Section 11-209 – Term and Renewal of Licenses
(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 11-202 – Scope of Subtitle
(a) The Maryland Consumer Loan Law does not change any powers conferred by law on any person who is not required or permitted to be licensed under this subtitle. (b) The Commissioner may not license any bank, trust company, savings bank, credit union, or savings and loan association.
Section 11-203 – Rules and Regulations
The Commissioner may adopt rules and regulations to carry out the provisions of this subtitle.
Section 11-203.1 – Licensing Requirements and Process
(a) Unless a person is licensed by the Commissioner, the person may not: (1) Make a loan; or (2) In any way use any advantage provided by the Maryland Consumer Loan Law. (b) A separate license is required for the principal executive office of the license applicant or licensee and each branch location. (c) During the time period established by […]
Section 11-203.2 – 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, […]