Md. Code Ann., Fin. Inst. § 12-430.1
Enforcement actions against money transmitters or authorized delegates
Effective Oct 1, 2021Added by Acts 2012, c. 78, § 1, eff. June 1, 2012. Amended by Acts 2014, c. 104, § 2, eff. Oct. 1, 2014; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021.State of Maryland
(a)
- (1) Notwithstanding Title 4, Subtitles 1 through 5 of the General Provisions Article, and subject to § 12-408.1 of this subtitle, the Commissioner shall report adjudicated enforcement actions against a money transmitter or its authorized delegate and other relevant information to NMLS.
- (2) The Commissioner shall adopt regulations establishing a process by which a licensee or an applicant for a license may challenge information entered by the Commissioner into NMLS.
- (b) The Commissioner may submit to NMLS information regarding enforcement actions against money transmitters who are not licensees or authorized delegates.
Added by Acts 2012, c. 78, § 1, eff. June 1, 2012. Amended by Acts 2014, c. 104, § 2, eff. Oct. 1, 2014; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021.