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<section article="gbr" article_name="Business Regulation" number="7-305" title_number="7" title_name="Collection Agencies" subtitle_number="3" subtitle_name="Licenses">
  <level label="a">
    <text>A license authorizes the licensee to do business as a collection agency at each licensed location and under each licensed name, or as otherwise authorized by regulation.</text>
  </level>
  <level label="b">
    <text>Information in NMLS associated with a license approved by the Board under this subtitle shall include the following:</text>
    <level label="1">
      <text>the licensee’s legal name and any trade name used by the licensee in accordance with § 2–121 of the Financial Institutions Article;</text>
    </level>
    <level label="2">
      <text>the address of the licensee’s principal executive office; and</text>
    </level>
    <level label="3">
      <text>the address of each additional location, if any, where the licensee does business and that:</text>
      <level label="i">
        <text>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;</text>
      </level>
      <level label="ii">
        <text>houses any core operational infrastructure or technology systems;</text>
      </level>
      <level label="iii">
        <text>conducts any core management, information security and technology, risk and compliance, or finance functions; or</text>
      </level>
      <level label="iv">
        <text>is otherwise required to be listed in NMLS by regulation.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>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 (b) of this section.</text>
  </level>
  <level label="d">
    <text>The unique identifier of the licensee shall constitute the license number for the license.</text>
  </level>
  <level label="e">
    <text>A licensee may not add, delete, or modify a location required to be listed in NMLS under subsection (b) of this section unless:</text>
    <level label="1">
      <text>the licensee provides to the Board, through NMLS and in accordance with any applicable regulations, notice of the addition, deletion, or modification;</text>
    </level>
    <level label="2">
      <text>the addition, deletion, or modification of the location is recorded with the information associated with the licensee’s license in NMLS; and</text>
    </level>
    <level label="3">
      <text>the addition, deletion, or modification of the location otherwise complies with this title.</text>
    </level>
  </level>
  <level label="f">
    <text>The licensee may not do business at a location required to be listed in NMLS under subsection (b) of this section until the location is recorded with the information associated with the licensee’s license in NMLS.</text>
  </level>
</section>
