On August 1, 2017, the Maryland Commissioner of Financial Regulation started accepting new applications and transition fillings for the following licenses on NMLS:
-
Check Cashing Services License;
-
Collection Agency License;
-
Consumer Loan License;
-
Credit Services Business License;
-
Debt Management License;
-
Installment Loan License; and
-
Sales Finance Company License.
By September 30, 2017, current licensees must submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each of their control persons. More information can be found here.
