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<section article="gfi" article_name="Financial Institutions" number="12-911" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="9" subtitle_name="Maryland Debt Management Services Act">
  <level label="a">
    <text>Information in NMLS associated with a license approved by the Commissioner 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 this 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 debt management services provider, 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 the Commissioner adopts under this subtitle.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <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 (a) of this section.</text>
  </level>
  <level label="c">
    <text>The unique identifier assigned by NMLS to a licensee shall constitute the licensee’s license number.</text>
  </level>
  <level label="d">
    <text>A license authorizes the licensee to do business under the license at any licensed location and under any licensed name, or as otherwise authorized by the Commissioner through regulation.</text>
  </level>
  <level label="e">
    <text>A license may not be transferred, assigned, or pledged.</text>
  </level>
  <level label="f">
    <text>Each licensee shall conspicuously post, in 48 point or larger type, at each licensed location the following information:</text>
    <level label="1">
      <text>The licensee’s unique identifier; and</text>
    </level>
    <level label="2">
      <text>A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.</text>
    </level>
  </level>
  <level label="g">
    <text>Each licensee shall conspicuously display the following information on the licensee’s website, any software application accessible to the public and used to provide debt management services, and profile page within each social media platform the licensee uses:</text>
    <level label="1">
      <text>The licensee’s unique identifier;</text>
    </level>
    <level label="2">
      <text>A link to the NMLS Consumer Access website; and</text>
    </level>
    <level label="3">
      <text>A notice stating, “The Commissioner of Financial Regulation for the State of Maryland will accept any questions and complaints from Maryland residents regarding (name and unique identifier of the debt management services provider) at (address of Commissioner), phone (toll–free number of the Commissioner)”.</text>
    </level>
  </level>
  <level label="h">
    <text>A licensee is not required to post the information required in subsection (f) of this section at a licensed location if the licensee does not regularly grant access to that licensed location to members of the general public.</text>
  </level>
</section>
