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Maryland Money Transmission Act

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Definitions

Scope of subtitle

Powers of Commissioner

Credit of revenue from licensing and payment of fines and penalties into various funds

License required

Qualifications of applicant for license

Applications for licenses

Fingerprinting

Section
12-408.1

Privacy or confidentiality of information and privilege under federal or state law

Investigation of application; issuance or denial of license

Contents and scope of licenses; additional licenses

Term and renewal of licenses

Required bond or permissible investments

Authorized delegate

Section
12-413.1

Training to recognize financial abuse and exploitation of elder adult.

Fraud, false statements, or misrepresentation prohibited; management of funds; reporting loss or theft of funds.

Change of location or control; penalties

Reports to Commissioner

Compliance with federal and State laws

Required permissible investments; segregation of money by authorized delegate

Issuance of duplicate payment instruments

Redemption of unused payment instruments

Determination of compliance with subtitle

Voluntary surrender of license

Investigatory powers of Commissioner

Examinations

Required records

Violations

Persons subject to enforcement

Hearings

Enforcement of subtitle

Penalties

Section
12-430.1

Reporting and enforcement of actions against money transmitters.

Short title