Current with changes from the 2024 Legislative Session
Section 11-408 - Information in NMLS associated with a license approved by the Commissioner(a) Information in NMLS associated with a license approved by the Commissioner under this subtitle shall include the following:(1) The licensee's legal name and any trade name used by the licensee in accordance with § 2-121 of this article;(2) The address of the licensee's principal executive office; and(3) The address of each additional location, if any, where the licensee does business and that: (i) The general public may reasonably view as a location that does business as a sales finance company, including any location that investigates customer complaints or directly communicates with customers verbally, electronically, or in writing;(ii) Houses any core operational infrastructure or technology systems;(iii) Conducts any core management, information security and technology, risk and compliance, or finance functions; or(iv) Is otherwise required to be listed in NMLS by regulation the Commissioner adopts under this subtitle.(b) A licensee shall maintain and update the information in NMLS associated with the licensee's license to reflect accurately at all times the information required by subsection (a) of this section.(c) The unique identifier of the licensee shall constitute the license number for the license.(d) A license authorizes the licensee to do business under the license at any licensed location and under any licensed name, or as otherwise authorized by the Commissioner through regulation.Added by 2023 Md. Laws, Ch. 567, Sec. 1, eff. 7/1/2023.