§ 11–404
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 11-404 (2026)
Title 11. Consumer Credit
Subtitle 4. Sales Finance Companies -- Licensing Provisions
§ 11–404LinkCopy Citation
(a)
(1)
To apply for a license, an applicant shall:
(i)
Complete, sign, and submit to the Commissioner a completed application made under oath in the form, and in accordance with the process, that the Commissioner requires; and
(ii)
Provide all the information that the Commissioner requests.
(2)
The application shall include:
(i)
The applicant’s legal name and any trade name used by the applicant in accordance with § 2–121 of this article;
(ii)
The applicant’s principal executive office address;
(iii)
If the applicant is not an individual, the name and residence address of each control person;
(iv)
The address of each additional location, if any, that:
(1)
The general public may reasonably view as a location that does business as a sales finance company, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
(2)
Houses any core operational infrastructure or technology systems;
(3)
Conducts any core management, information security and technology, risk and compliance, or finance functions; or
(4)
Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle; and
(v)
Any other pertinent information that the Commissioner requires.
(b)
With the application, the applicant shall pay to the Commissioner:
(1)
An investigation fee of $100; and
(2)
A license fee of $125.