1. (a) An applicant for a license shall:

   1. (1) submit a completed application in the form, and in accordance with the process, that the Board requires;

   2. (2) pay to the Board:

      1. (i) a nonrefundable application fee in the amount set by the Board; and
      2. (ii) a nonrefundable investigation fee in the amount set by the Board; and
   3. (3) provide all the information that the Board requests.

2. (b) An application shall be made under oath and shall include:

   1. (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. (2) the address of each additional location, if any, that:

      1. (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;
      2. (ii) houses any core operational infrastructure or technology systems;
      3. (iii) conducts any core management, information security and technology, risk and compliance, or finance functions; or
      4. (iv) is otherwise required to be listed in NMLS by regulation adopted under this title;
   3. (3) the federal employer identification number or Social Security number of the applicant, as applicable;
   4. (4) the state of formation and the date of formation of the applicant if the applicant is a business entity;
   5. (5) the name and residence address of each control person;
   6. (6) the name and address of the principal contact for consumer complaints;
   7. (7) the name, address, and telephone number of the applicant's resident agent; and
   8. (8) any other information that the Board requests.
3. (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.
4. (d) The Board shall issue a license to each applicant who meets the requirements of this subtitle.

Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 142; Acts 1996, c. 58, § 1, eff. Oct. 1, 1996; Acts 1997, c. 22, § 1, eff. Oct. 1, 1997; Acts 1997, c. 22, § 1, eff. Oct. 1, 1997. Amended by Acts 2010, c. 149, § 1, eff. Oct. 1, 2010; Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2023, c. 567, § 1, eff. July 1, 2023.

Formerly Art. 56, §§ 326, 327.