§ 12-410
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§12–410.
(a)Information in NMLS associated with a license approved by the Commissioner under this subtitle shall include the following:
(1)The licensee’s legal name and any trade name used by the licensee in accordance with § 2–121 of this article;
(2)The address of the licensee’s principal executive office;
(3)The address of each additional location, if any, where the licensee does business and that:
(i)The general public may reasonably view as a location that offers money transmission services, 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 the Commissioner adopts under this subtitle; and
(4)The information required by § 12–407(b)(2)(iii) of this subtitle for each self–service financial kiosk, if any, of the licensee.
(b)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.
(c)The unique identifier assigned by NMLS to a licensee shall constitute the licensee’s license number.
(d)A license authorizes the licensee to do business under the license at any licensed location, under any licensed name and, for each self–service financial kiosk, the address or geographic area listed for the self–service financial kiosk in NMLS, or as otherwise authorized by the Commissioner through regulation.
(e)A license may not be transferred or assigned.
(1)Each licensee shall conspicuously post, in 48 point or larger type, at each licensed location the following information:
(i)The licensee’s unique identifier; and
(ii)A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.
(2)Each authorized delegate, at each location open to the public, shall conspicuously post, in at least 48 point type, the following information:
(i)A notice stating, “the Commissioner of Financial Regulation for the State of Maryland will accept all questions or complaints regarding this authorized delegate of (name of licensee and unique identifier) at (address of Commissioner), phone (toll–free phone number of the Commissioner)”; and
(ii)A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.
(3)Each licensee shall conspicuously display the following information on the licensee’s website, any mobile application through which the services are offered, the outside of the self–service financial kiosk, any software application accessible to the public and used for money transmission services, and profile page within each social media platform the licensee uses:
(i)The licensee’s unique identifier;
(ii)A link to the NMLS Consumer Access website; and
(iii)A notice stating, “The Commissioner of Financial Regulation for the State of Maryland will accept all questions or complaints from Maryland residents regarding (name of licensee and unique identifier) at (address of Commissioner), phone (toll–free phone number of the Commissioner)”.
(g)A licensee is not required to post the information required in subsection (f)(1) of this section at a licensed location if the licensed location is not a self–service financial kiosk and the licensee does not regularly grant access to that licensed location to members of the general public.