§ 7-302
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/md/business-regulation/7-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–302.
(a)An applicant for a license shall:
(1)submit a completed application in the form, and in accordance with the process, that the Board requires;
(2)pay to the Board:
(i)a nonrefundable application fee in the amount set by the Board; and
(ii)a nonrefundable investigation fee in the amount set by the Board; and
(3)provide all the information that the Board requests.
(b)An application shall be made under oath and shall include:
(1)the applicant’s legal name, any trade name used by the applicant in accordance with § 2–121 of the Financial Institutions Article, and the applicant’s principal executive office address, telephone number, e–mail address, and Web site addresses, if any;
(2)the address of each additional location, if any, that:
(i)the general public may reasonably view as a location that does business as a collection agency, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;
(ii)houses any core operational infrastructure or technology systems;
(iii)conducts any core management, information security and technology, risk and compliance, or finance functions; or
(iv)is otherwise required to be listed in NMLS by regulation adopted under this title;
(3)the federal employer identification number or Social Security number of the applicant, as applicable;
(4)the state of formation and the date of formation of the applicant if the applicant is a business entity;
(5)the name and residence address of each control person;
(6)the name and address of the principal contact for consumer complaints;
(7)the name, address, and telephone number of the applicant’s resident agent; and
(8)any other information that the Board requests.
(c)In addition to any other requirement for licensure under this subtitle, an applicant for a license shall file with the Board a surety bond as required under § 7–304 of this subtitle.
(d)The Board shall issue a license to each applicant who meets the requirements of this subtitle.