reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  11-616 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-616 - Hearings

    (a)    Before the Commissioner takes any action under § 11-614 or § 11-615 of this subtitle, the Commissioner shall give the licensee an opportunity for a hearing.    (b)    Notice of the hearing shall be given and the hearing shall be held in accordance with the Administrative Procedure Act.    (c)    The hearing notice to the licensee shall be sent by certified mail, return receipt requested, to the principal place of business of the licensee at least 30 days before the hearing.
MD. Financial Institutions Code Ann. §  11-617 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-617 - Criminal Sanctions for Willful Violations

    Any person who willfully violates the provisions of this subtitle is guilty of a felony and, on conviction, is subject to a fine not exceeding $25,000 or imprisonment not exceeding 5 years or both.
MD. Financial Institutions Code Ann. §  11-618 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-618 - Mortgage Lender Not Relieved of Responsibility by Employment of Mortgage Originator

    The employment of a mortgage loan originator licensed under this subtitle by a mortgage lender does not relieve the mortgage lender of a responsibility under this subtitle or under Subtitle 5 of this title, a rule or regulation adopted under this subtitle or under Subtitle 5 of this title, or a law governing mortgage lending in the State.
MD. Financial Institutions Code Ann. §  11-619 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-619 - Surety Bond

    (a)    Each mortgage loan originator shall be covered by a surety bond in accordance with this section.    (b)    (1)    A mortgage loan originator who is an employee of a person subject to licensure under Subtitle 5 of this title may use the surety bond of that person to meet the mortgage loan originator’s surety bond requirement.        (2)    A mortgage loan originator who is an employee of a person exempt from licensure under Subtitle 5 of this title may use a surety bond of the person to meet the mortgage loan originator’s surety bond requirement, provided the surety bond meets the requirements, based on mortgage loan volume, under § 11–508 of this title.    (c)    A licensee who is an affiliated insurance producer–mortgage loan originator shall be deemed in compliance with this section if the licensee:        (1)    Holds a surety bond that would satisfy the surety bond requirements under § 11–508 of this title if the affiliated insurance producer–mortgage loan originator were a licensee under Subtitle 5 of this title; or        (2)    Is covered under a blanket surety bond held by the financial institution or mortgage lender licensee identified in § 11–603.1(a)(3) of this subtitle if the blanket surety bond:            (i)    Covers all affiliated insurance producer–mortgage loan originators; and            (ii)    Is in the amount of $1,000,000 or another amount as required by the Commissioner by regulation.
MD. Financial Institutions Code Ann. §  11-620 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-620 - Confidentiality of Information

    (a)    (1)    Except as otherwise provided in 12 U.S.C. § 5111, the requirements under any federal law and Title 4, Subtitles 1 through 5 of the General Provisions Article regarding the privacy or confidentiality of information or material provided to the Nationwide Mortgage Licensing System and Registry, and any privilege arising under federal or state law, including the rules of any federal or state court with respect to that information or material, shall continue to apply to that information or material after the information or material has been disclosed to the Nationwide Mortgage Licensing System and Registry.        (2)    The information and material may be shared with all state and federal regulatory officials having mortgage industry oversight authority without the loss of privilege or the loss of confidentiality protections provided by federal law or Title 4, Subtitles 1 through 5 of the General Provisions Article.    (b)    The Commissioner may enter into information sharing agreements with other governmental agencies, the Conference of State Bank Supervisors, the American Association of Residential Mortgage Regulators, or other associations representing governmental agencies.    (c)    Information or material that is subject to a privilege or confidentiality under subsection (a) of this section may not be subject to:        (1)    Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or agency of the federal government or a state that has received the information or material; or        (2)    Subpoena, discovery, or admission into evidence, in any private civil action or administrative process, unless with respect to any privilege held by the Nationwide Mortgage Licensing System and Registry the person to whom the information or material pertains waives, in whole or in part, that privilege.    (d)    Any provisions of Title 4, Subtitles 1 through 5 of the General Provisions Article relating to the disclosure of any information or material described in subsection (a) of this section that are inconsistent with subsection (a) of this section shall be superseded by the requirements of this section.    (e)    This section does not apply to information or material relating to the employment history of, and publicly adjudicated disciplinary and enforcement actions against, mortgage loan originators that is included in the Nationwide Mortgage Licensing System and Registry and designated for access by the public.
MD. Financial Institutions Code Ann. §  11-621 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-621 - Registration of Employees of Nonfederally Insured Credit Unions

    Nonfederally insured credit unions that employ mortgage loan originators shall register these employees with the Nationwide Mortgage Licensing System and Registry by providing the information concerning the employees’ identity set forth in 12 U.S.C. § 5106(a)(2).
MD. Financial Institutions Code Ann. §  11-622 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-622 - Reports to Nationwide Mortgage Licensing System and Registry; Regulations

    (a)    Notwithstanding Title 4, Subtitles 1 through 5 of the General Provisions Article, and subject to § 11–620 of this subtitle, the Commissioner shall report adjudicated enforcement actions and other relevant information to the Nationwide Mortgage Licensing System and Registry.    (b)    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 the Nationwide Mortgage Licensing System and Registry.
MD. Financial Institutions Code Ann. §  11-623 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-623 - Display of Unique Identifier

    The unique identifier of a mortgage loan originator shall be clearly displayed as required by the Commissioner by regulation.
MD. Financial Institutions Code Ann. §  11-624 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-624 - Prohibited and Permitted Acts

    (a)    A person subject to this subtitle may not, in connection with a mortgage loan or loan application:        (1)    Make a payment, threat, or promise, directly or indirectly, to another person for the purpose of influencing the person to violate any federal or State law, or any standard of professional practice recognized by the federal or State government; or        (2)    Make a payment, threat, or promise, directly or indirectly, to an appraiser of residential real estate for the purpose of influencing the independent judgment of the appraiser with respect to the value of the residential real estate, or engage in any other act or practice that impairs or attempts to impair an appraiser’s independence, objectivity, or impartiality, including:            (i)    Withholding or threatening to withhold payment for an appraisal with the intent to coerce the appraiser to agree to a value, range of values, or minimum value for the residential real estate;            (ii)    Conditioning the payment of an appraisal fee on the opinion, conclusion, or valuation to be reached by the appraiser; or            (iii)    Requesting the appraiser to report a predetermined opinion, conclusion, or valuation.    (b)    This section does not prohibit a person subject to this subtitle from:        (1)    Requesting another person to:            (i)    Consider additional appropriate information;            (ii)    Provide additional details, substantiation, or explanation of a conclusion made by the other person; or            (iii)    Correct errors in an appraisal report or other mortgage document; or        (2)    Withholding payment for an appraisal pending resolution of an action before a federal or State court or licensing board relating to the appraisal.
MD. Financial Institutions Code Ann. §  12-101 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-101 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Branch location” means any location other than the principal executive office of a licensee or license applicant at which the licensee conducts, or the license applicant, on licensure, will conduct, activities required to be licensed under this subtitle.    (c)    (1)    “Control person” means a person who has the power, directly or indirectly, to direct the management or policies of a licensee or license applicant, whether through ownership of securities, by contract, or otherwise.        (2)    “Control person” includes a person who:            (i)    Is a general partner, an officer, a director, or a member, or occupies a similar position or performs a similar function;            (ii)    Directly or indirectly has the right to vote 5% or more of a class of voting securities, or has the power to sell or direct the sale of 5% or more of a class of voting securities, of a licensee or license applicant; or            (iii)    In the case of a partnership, a limited partnership, a limited liability partnership, a limited liability company, or any other business entity:                1.    Has the right to receive on liquidation or dissolution of a licensee or license applicant 5% or more of the capital of the licensee or license applicant; or                2.    Has contributed 5% or more of the capital of a licensee or license applicant.    (d)    “Exempt entity” means an entity that is exempt from all requirements of licensing as provided under § 12–103(b) and (c) of this subtitle.    (e)    “License” means, unless the context requires otherwise, a license issued by the Commissioner under this subtitle to provide check cashing services.    (f)    “Licensee” means, unless the context requires otherwise, a person that is licensed by the Commissioner under this subtitle to provide check cashing services.    (g)    “Mobile unit” means a motor vehicle or other movable means from which check cashing services are provided.    (h)    (1)    “Payment instrument” means a check or a draft ordering a person to pay money.        (2)    “Payment instrument” includes a money order.    (i)    “Provide check cashing services” means to accept or cash, for compensation, a payment instrument regardless of the date of the payment instrument.    (j)    “Unique identifier” means a number or another identifier assigned by NMLS.
MD. Financial Institutions Code Ann. §  12-102 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-102 - Applicability of Subtitle -- in General

    (a)    This subtitle does not apply to check cashing services:        (1)    In which a customer presents a payment instrument for the exact amount of a purchase; or        (2)    Involving foreign currency exchange services or the cashing of a payment instrument drawn on a financial institution other than a federal, State, or other state financial institution.    (b)    (1)    This subtitle does not apply to a transaction that is subject to the Maryland Consumer Loan Law (Title 12, Subtitle 3 of the Commercial Law Article and Title 11, Subtitle 2 of this article), including a transaction in which an additional fee is charged to defer the presentment or deposit of a payment instrument until a subsequent date.        (2)    A check cashing service is not subject to the Maryland Consumer Loan Law if:            (i)    The fee charged for the check cashing service does not exceed the fee permitted under this subtitle;            (ii)    No additional fee is charged to defer the presentment or deposit of the payment instrument; and            (iii)    The check cashing service is not subject to renewal or extension by any means.
MD. Financial Institutions Code Ann. §  12-103 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-103 - Applicability of Subtitle -- Exempt Entities

    (a)    This subtitle does not apply to:        (1)    Any bank, trust company, savings bank, savings and loan association, or credit union incorporated or chartered under the laws of this State or the United States that maintains its principal office in this State;        (2)    Any out-of-state bank, as defined in § 5-1001 of this article, having a branch that accepts deposits in this State; and        (3)    Any institution incorporated under federal law as a savings association or savings bank that does not maintain its principal office in this State but has a branch that accepts deposits in this State.    (b)    A subsidiary or affiliate of an institution described in subsection (a) of this section is exempt from all requirements of licensing under this subtitle provided the subsidiary or affiliate:        (1)    Is subject to audit or examination by a regulatory body or agency of this State, the United States, or the state where the subsidiary or affiliate maintains its principal office; and        (2)    Submits to the Commissioner in writing and prior to providing check cashing services the following information:            (i)    The subsidiary’s or affiliate’s name and address, and the names and addresses of each:                1.    Owner who owns 5% or more of the subsidiary or affiliate; and                2.    Officer, director, or principal of the subsidiary or affiliate;            (ii)    1.    Each address at which check cashing services will be provided; and                2.    If a mobile unit will be used to provide check cashing services, the vehicle identification number of the mobile unit and the geographic area in which the mobile unit will be operating; and            (iii)    Any other information that the Commissioner requests.    (c)    (1)    An exempt entity is not subject to the provisions of §§ 12-106 through 12-112, inclusive, and § 12-122 of this subtitle.        (2)    An exempt entity is subject to:            (i)    The provisions of §§ 12-113 through 12-121, inclusive, and §§ 12-123 through 12-127, inclusive, of this subtitle; and            (ii)    Any regulation, except to the extent the regulation concerns licensing, adopted under this subtitle.
MD. Financial Institutions Code Ann. §  12-104 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-104 - Regulations

    The Commissioner may adopt regulations to carry out the provisions of this subtitle.
MD. Financial Institutions Code Ann. §  12-104.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-104.1 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds

    (a)    All revenue received for the licensing of persons under this subtitle and any other fee or revenue received by the Commissioner under this subtitle shall be:        (1)    Credited to the Nondepository Special Fund established under § 11–610 of this article; and        (2)    Used in accordance with § 11–610(c) of this article.    (b)    Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle into the General Fund of the State.
MD. Financial Institutions Code Ann. §  12-105 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-105 - Licensing -- in General

    (a)    Except as provided in § 12–102(a) or § 12–105.1 of this subtitle, a person may not provide check cashing services unless the person is licensed under this subtitle or is an exempt entity.    (b)    A separate license is required for the principal executive office of the license applicant or licensee at which, each branch location at which, and each mobile unit from which, a person provides check cashing services.    (c)    During the time period established by the Commissioner under subsection (d) of this section, each licensee shall:        (1)    Obtain and maintain a valid unique identifier issued by NMLS when an account is created with NMLS;        (2)    Transfer licensing information to NMLS; and        (3)    Pay to the Commissioner a license extension fee calculated in accordance with subsection (d)(5) of this section.    (d)    (1)    The Commissioner shall establish a time period that is no less than 2 months within which a licensee must transfer licensing information to NMLS.        (2)    The time period that the Commissioner establishes under this subsection shall begin on or after July 1, 2017.        (3)    At least 30 days before the transfer period begins, the Commissioner shall:            (i)    Notify all licensees of the transfer period; and            (ii)    Provide instructions for the transfer of licensing information to NMLS.        (4)    For each licensee that complies with subsection (c) of this section, the term of the licensee’s license shall extend to December 31 of the year in which the license otherwise would have expired.        (5)    The license extension fee required under subsection (c)(3) of this section is nonrefundable and, based on the annual license fee, shall be prorated to the number of days between the date the license otherwise would have expired and December 31 of the same year.    (e)    Subject to subsection (c) of this section, an applicant for an initial license or a license renewal shall apply for the initial license or license renewal through NMLS:        (1)    On or after July 1, 2017; or        (2)    If the Commissioner has not joined NMLS with respect to persons required to be licensed under this subtitle as of July 1, 2017, on or after the date that the Commissioner joins, as specified by the Commissioner by public notice.
MD. Financial Institutions Code Ann. §  12-105.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-105.1 - Check Cashing Services by Annually Registered Business -- Requirements

    (a)    A person may provide check cashing services without obtaining a license under this subtitle by registering each year with the Commissioner under this section if the person:        (1)    Charges a fee of up to 1.5% or $1, whichever is greater, of the face amount of the payment instrument per payment instrument;        (2)    Provides check cashing services that are incidental to the retail sale of goods or services by the person that is providing the check cashing services;        (3)    Is registered as a check casher money service business with the U.S. Department of Treasury;        (4)    Conducts check cashing service transactions within the interior of the business location and not through the use of a mobile unit or an exterior drive–up or walk–up window;        (5)    Has conspicuously posted a notice with the following information, in 48 point type or larger, at each business location at which the person provides check cashing services:            (i)    The fees charged for check cashing services; and            (ii)    How to contact the Office of the Commissioner of Financial Regulation with comments or complaints; and        (6)    Provides a receipt to each check cashing services customer that includes:            (i)    The date of the transaction;            (ii)    The face value of the check cashed;            (iii)    The fee charged; and            (iv)    The net dollar amount paid to the customer.    (b)    To register as a check cashing service, a person shall:        (1)    Obtain and maintain a valid unique identifier issued by NMLS when an account is created with NMLS; and    (2) Provide information required by the Commissioner through NMLS, including:            (i)    The person’s name and address and, if the person is not an individual:                1.    The names and addresses of each owner who owns more than 5% of the person; and                2.    The officers and director or principal of the person;            (ii)    The addresses at which check cashing services will be provided; and            (iii)    Any other information determined to be necessary by the Commissioner.    (c)    A person submitting an initial registration or a registration renewal under this section shall apply through NMLS:        (1)    For the initial registration, on or after November 1, 2020; and        (2)    For registration renewal, each year thereafter.    (d)    A person submitting an initial registration or a registration renewal under this section shall pay to NMLS any fees that NMLS imposes in connection with the issuance of the registration or the renewal of the registration.    (e)    Sections 12–106 through 12–120 of this subtitle do not apply to a person who registers under this section.
MD. Financial Institutions Code Ann. §  12-106 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 1 - Check Cashing Services|Section 12-106 - Licensing -- Qualifications

    To qualify for a license, an applicant shall satisfy the Commissioner that:         (1)    The applicant’s business will promote the convenience and advantage of the community in which the applicant’s place of business, or mobile unit, will be located; and        (2)    The applicant or, if the applicant is not an individual, each of the owners, officers, directors, or principals of the entity:            (i)    Has sufficient experience, character, financial responsibility, and general fitness to:                1.    Command the confidence of the public; and                2.    Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently; and            (ii)    Has not committed any act that would be a ground for suspension or revocation of a license under this subtitle.