§ 7–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 7-303 (2026)
Title 7. Collection Agencies
Subtitle 3. Licenses
§ 7–303LinkCopy Citation
(a)
Within 60 days after an applicant submits a complete application for a license and pays the fees required by § 7–302 of this subtitle, the Board shall approve or deny the application.
(b)
To qualify for a license, an applicant shall satisfy the Board that the applicant is of good moral character and has sufficient financial responsibility, business experience, and general fitness to:
(1)
engage in business as a collection agency;
(2)
warrant the belief that the business will be conducted lawfully, honestly, fairly, and efficiently; and
(3)
command the confidence of the public.
(c)
The Board may deny an application for a license to any person who:
(1)
has committed any act that would be a ground for reprimand, suspension, or revocation of a license under this subtitle; or
(2)
otherwise fails to meet the requirements for licensure.
(d)
If an applicant does not meet the requirements of this subtitle, the Board shall:
(1)
deny the application; and
(2)
immediately notify the applicant of the denial.
(e)
(1)
The denial of an application under this section is subject to the hearing provisions of § 7–309 of this subtitle.
(2)
An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the notice to the applicant of the applicant’s right to a hearing.