§ 12–1003
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-1003 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 10. Maryland Debt Settlement Services Act
§ 12–1003LinkCopy Citation
This subtitle does not apply to:
(1)
The following persons when engaged in the regular course of their respective businesses and professions:
(i)
An attorney at law who is admitted to the Maryland Bar while the attorney at law is providing professional legal services in an attorney–client relationship;
(ii)
An escrow agent;
(iii)
A certified public accountant;
(iv)
A banking institution, other–state bank, national banking association, credit union, or savings and loan association;
(v)
A person that:
(1)
Provides a bill payer service, as defined in § 12–401 of this title;
(2)
Does not initiate any contract with individual creditors of a debtor to compromise a debt or arrange a new payment schedule; and
(3)
Does not provide any debt counseling services;
(vi)
A person that provides an accelerated mortgage payment service, as defined in § 12–401 of this title;
(vii)
A title insurer, title insurance agency, or abstract company; or
(viii)
A judicial officer or a person acting under a court order;
(2)
A person while performing services incidental to the dissolution, winding up, or liquidation of a partnership, corporation, or other business enterprise;
(3)
A trade or mercantile association acting in the course of arranging the adjustment of debts with a business establishment;
(4)
(i)
A mortgage lender, as defined in § 11–501 of this article:
(1)
That is licensed by the Commissioner; and
(2)
While engaged in the mortgage lending business, as defined in § 11–501 of this article; or
(ii)
An employee of a mortgage lender; or
(5)
A collection agency, as defined in § 7–101 of the Business Regulation Article:
(i)
That is licensed by the State Collection Agency Licensing Board; and
(ii)
While engaged in the collection agency business, as defined in § 7–101 of the Business Regulation Article.