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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Check Cashing Services License This license will become available in NMLS on August 1, 2017. This license is required for any entity engaging in check cashing services. Refer to Maryland Code Annotated, Financial Institutions §12-101 et seq for legal requirements.
Check Cashing Services Registration This license will become available in NMLS on August 1, 2017. This registration is required for any entity engaging in check cashing services if a Maryland Check Cashing Services license is not required for the main office due to the fact that no Maryland check cashing activity occurs at that location. Refer to Maryland Code Annotated, Financial Institutions §12-101 et seq for legal requirements.
Collection Agency License This license will become available in NMLS on August 1, 2017. This license is required for anyone acting as a collection agency. See Maryland Code Annotated, Business Regulation Article §7-101 et seq for information.
Consumer Loan License This license will become available in NMLS on August 1, 2017. This license is required for anyone making a loan of $6,000 or less under the Maryland Consumer Loan Law. See Maryland Code Annotated, Financial Institutions Article §11-201 et seq for information.
Credit Services Business License This license will become available in NMLS on August 1, 2017. This license is required for anyone acting as a credit services business. See Maryland Code Annotated, Commercial Law Article, §14-1901 et seq for information.
Debt Management License This license will become available in NMLS on August 1, 2017. This license is required for anyone providing debt management services to Maryland consumers. See Annotated Code of Maryland, Financial Institutions Article, §12-901 et seq.
Exempt Company Registration This registration is available for any company that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Maryland. This registration is optional and is intended for companies that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)
Installment Loan License This license will become available in NMLS on August 1, 2017. This license is required for anyone making a loan in excess of $6,000 under the Maryland Consumer Loan Law. See Maryland Code Annotated, Financial Institutions Article §11-301 et seq for information.
Money Transmitter License This License is required for the principal executive office of any person engaging in the business of money transmission who is located in the State or with any person in the State, unless the person engaging in the business of money transmission is an authorized delegate of a Maryland money transmitter licensee that conducts money transmission business under the licensee’s name or is exempt from licensing under Maryland Money Transmission Act. (More Details)
Mortgage Lender License This License is required for any company or sole proprietor who engages in the mortgage lending business, including brokering, servicing, and/or making mortgage loans in the State of Maryland. (More Details)
Sales Finance License This license will become available in NMLS on August 1, 2017. This license is required for persons offering installment sale agreements. See Annotated Code of Maryland, Financial Institutions Article §11-401 et seq, for information.
Branch Licenses Description Requirements Checklist
Check Cashing Services Branch License This license will become available in NMLS on August 1, 2017. This license is required for any entity engaging in check cashing services. Refer to Maryland Code Annotated, Financial Institutions §12-101 et seq for legal requirements.
Collection Agency Branch License This license will become available in NMLS on August 1, 2017. This license is required for anyone acting as a collection agency. See Maryland Code Annotated, Business Regulation Article §7-101 et seq for information.
Consumer Loan Branch License This license will become available in NMLS on August 1, 2017. This license is required for anyone making a loan of $6,000 or less under the Maryland Consumer Loan Law. See Maryland Code Annotated, Financial Institutions Article §11-201 et seq for information.
Credit Services Business Branch License This license will become available in NMLS on August 1, 2017. This license is required for anyone acting as a credit services business. See Maryland Code Annotated, Commercial Law Article, §14-1901 et seq for information.
Debt Management Branch License This license will become available in NMLS on August 1, 2017. This license is required for anyone providing debt management services to Maryland consumers. See Annotated Code of Maryland, Financial Institutions Article, §12-901 et seq.
Exempt Branch Registration This registration is available for any branch that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Maryland. This registration is optional and is intended for branches that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)
Installment Loan Branch License This license will become available in NMLS on August 1, 2017. This license is required for anyone making a loan of $6,000 or less under the Maryland Consumer Loan Law. See Maryland Code Annotated, Financial Institutions Article §11-301 et seq for information.
Money Transmitter Branch License This License is required for all locations, other than the principal executive office, for any person engaging in the business of money transmission who is located in the State or with any person in the State, unless the person engaging in the business of money transmission is an authorized delegate of a Maryland money transmitter licensee that conducts money transmission business under the licensee’s name or is exempt from licensing under Maryland Money Transmission Act. (More Details)
Mortgage Lender License (Branch) This License is required for all locations other than the main office (whether located in the State of Maryland or not) in which mortgage business with Maryland residents is conducted. (More Details)
Individual Licenses Description Requirements Checklist
Affiliated Insurance Producer-Mortgage Loan Originator License An individual is eligible for this license if the individual: 1) originates mortgage loans only on behalf of a financial institution that is described in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) that is approved by the Commissioner; 2) is a licensed insurance producer in good standing; and 3) holds an appointment as an insurance producer for an insurer that controls, is controlled by, or is under common control with either the financial institution described above or a mortgage lender licensee that is approved by the Commissioner and only originates loans for the financial institution described in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) under an exclusive contract with that financial institution. (More Details)
Mortgage Loan Originator License This license is required for an individual who for compensation or gain, or in the expectation of compensation or gain, takes a loan application or offers or negotiates the terms of a mortgage loan. (More Details)
 

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