1. (a) Notwithstanding any election of law or designation of situs in any contract, this subtitle applies to any contract for credit services if:

   1. (1) The credit services business offers or agrees to sell, provide, or perform any services to a resident of this State;
   2. (2) A resident of this State accepts or makes the offer in this State to purchase the services of the credit services business; or
   3. (3) The credit services business makes any verbal or written solicitation or communication that originates either inside or outside of this State but is received in the State by a resident of this State.
2. (b) A credit services business is required to be licensed under this subtitle and is subject to the licensing, investigatory, enforcement, and penalty provisions of this subtitle and Title 11, Subtitle 3 of the Financial Institutions Article.

3. (c)

   1. (1) A license required by this subtitle shall be issued by the Commissioner.
   2. (2) The unique identifier of the licensee shall constitute the license number for the license.
4. (d) A person not included within the definition of a credit services business as provided in § 14-1901(e)(3) of this subtitle is exempt from licensure requirements under this subtitle.

Added by Acts 1991, c. 628, § 1, eff. July 1, 1991. Amended by Acts 2001, c. 29, § 1, eff. April 10, 2001; Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.