PocketLaw | Maryland Code | Maryland Debt Management Services Act

Maryland Debt Management Services Act

Checkout our iOS App for a better way to browser and research.

Definitions

Applicability

Fees

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

Debt management services without license prohibited; requirements.

License requirements

Application

Fingerprints and criminal history records check

Investigation; time period; issuance; denial

Contents of license; authorization; transfer; display; notice on Web site.

Term, expiration, and renewal of license.

Surrender

Surety bond

Change of information included in the application

Requirements for providing debt management services

Trust account

Accounting

Prohibited activities

Reports

Retention of books, accounts, and records

Investigation

On-site examination

License number to be included in advertisement

Denial, suspension, revocation of license

Hearing

Enforcement of subtitle

Penalty for violation of subtitle

Civil action

Title