# Business Regulation (GBR)

## Title 7. Collection Agencies

### Subtitle 3. Licenses

#### Section 7-306

(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 1.

(b) On or after November 1 of the year in which a license expires, the license may be renewed for an additional 1-year term, if the licensee:

  (1) is otherwise entitled to be licensed;

  (2) pays to the Board a nonrefundable renewal fee set by the Board;

  (3) submits a renewal application in the form and in accordance with the process that the Board requires; and

  (4) files as part of the application a surety bond as required under Sec. 7-304 of this subtitle.

(c) To the extent required or permitted by NMLS, the Board may determine that licenses issued under this subtitle shall expire on a staggered basis.

(d) A licensee may not renew a license unless, before the submission of the license renewal application, the licensee has transferred the licensee's licensing information to NMLS in accordance with Sec. 7-301(d) of this subtitle.

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Md. Code Ann., Bus. Reg. (as displayed at mgaleg.maryland.gov, October 16, 2026)