Md. Code, Business Regulation § 7-302
This is the official text of Md. Code, Business Regulation § 7-302, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§7–302.
Official statutory text
(a) An applicant for a license shall:
(1) submit a completed application in the form, and in accordance with the process, that the Board requires;
(2) pay to the Board:
(i) a nonrefundable application fee in the amount set by the Board; and
(ii) a nonrefundable investigation fee in the amount set by the Board; and
(3) provide all the information that the Board requests.
(b) An application shall be made under oath and shall include:
(1) the applicant’s legal name, any trade name used by the applicant in accordance with § 2–121 of the Financial Institutions Article, and the applicant’s principal executive office address, telephone number, e–mail address, and Web site addresses, if any;
(2) the address of each additional location, if any, that:
(i) the general public may reasonably view as a location that does business as a collection agency, 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 adopted under this title;
(3) the federal employer identification number or Social Security number of the applicant, as applicable;
(4) the state of formation and the date of formation of the applicant if the applicant is a business entity;
(5) the name and residence address of each control person;
(6) the name and address of the principal contact for consumer complaints;
(7) the name, address, and telephone number of the applicant’s resident agent; and
(8) any other information that the Board requests.
(c) In addition to any other requirement for licensure under this subtitle, an applicant for a license shall file with the Board a surety bond as required under § 7–304 of this subtitle.
(d) The Board shall issue a license to each applicant who meets the requirements of this subtitle.
(1) submit a completed application in the form, and in accordance with the process, that the Board requires;
(2) pay to the Board:
(i) a nonrefundable application fee in the amount set by the Board; and
(ii) a nonrefundable investigation fee in the amount set by the Board; and
(3) provide all the information that the Board requests.
(b) An application shall be made under oath and shall include:
(1) the applicant’s legal name, any trade name used by the applicant in accordance with § 2–121 of the Financial Institutions Article, and the applicant’s principal executive office address, telephone number, e–mail address, and Web site addresses, if any;
(2) the address of each additional location, if any, that:
(i) the general public may reasonably view as a location that does business as a collection agency, 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 adopted under this title;
(3) the federal employer identification number or Social Security number of the applicant, as applicable;
(4) the state of formation and the date of formation of the applicant if the applicant is a business entity;
(5) the name and residence address of each control person;
(6) the name and address of the principal contact for consumer complaints;
(7) the name, address, and telephone number of the applicant’s resident agent; and
(8) any other information that the Board requests.
(c) In addition to any other requirement for licensure under this subtitle, an applicant for a license shall file with the Board a surety bond as required under § 7–304 of this subtitle.
(d) The Board shall issue a license to each applicant who meets the requirements of this subtitle.
Status: in_force · Read it on the official government site
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