# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 4. Sales Finance Companies -- Licensing Provisions

#### Section 11-418

A person may not knowingly:

(1) Make an incorrect statement of material fact in any application, report, or other statement filed under this subtitle; or

(2) Fail to state any material fact that is necessary to give the Commissioner any information that the Commissioner requires under this subtitle.

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