Md. Code Ann., Fin. Inst. § 11-208
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2024
As of January 1, 2019
(a) The Commissioner shall include on each license:
(1) The name of the licensee;
(2) The address of the location at which the business is to be conducted; and
(3) The license number and unique identifier of the licensee.
(a) Information in NMLS associated with a license approved by the Commissioner under this subtitle shall include the following:
(1) The licensee’s legal name and any trade name used by the licensee in accordance with § 2–121 of this article;
(2) The address of the licensee’s principal executive office; and
(3) The address of each additional location, if any, where the licensee does business and that:
(i) The general public may reasonably view as a location that makes loans, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
(ii) Houses any core operational infrastructure or technology systems;
(iii) Conducts any core management, information security and technology, risk and compliance, or finance functions; or
(iv) Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle.
(b) A licensee shall maintain and update the information in NMLS associated with the licensee’s license to reflect accurately at all times the information required by subsection (a) of this section.
(c) The unique identifier of the licensee shall constitute the license number for the license.
(d) A license authorizes the licensee to do business under the license at any licensed location and under any licensed name, or as otherwise authorized by the Commissioner through regulation.
(2) Only one location may be maintained under any one license.
(c) Subject to § 11–203.1(b) of this subtitle, the Commissioner may issue more than one license to an applicant who:
(1) Conducts activities for which a license is required at more than one location;
(2) Complies with § 11–206 of this subtitle; and
(3) Otherwise meets the requirements of this subtitle.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.