reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  12-802 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-802 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Currency” means currency and coin of the United States or any other country.    (c)    “Department” means the Maryland Department of Labor.    (d)    (1)    “Financial institution” means:            (i)    A national banking association;            (ii)    A State banking institution;            (iii)    A credit union that is organized under the laws of this State or of the United States;            (iv)    Any other organization that is organized under the banking laws of the State and subject to the supervision of the Commissioner;            (v)    A savings and loan association that is organized under the laws of the State or of the United States; or            (vi)    Persons engaged in the business of cashing checks for a fee unless performed incidental to the sale of goods or services.        (2)    “Financial institution” does not include any person licensed by the Commissioner under Title 11 of this article.    (e)    “Person” means an individual, partnership, firm, trust, estate, association, corporation, or other entity.    (f)    “Secretary” means the Secretary of Labor.    (g)    “Transaction” includes the deposit, withdrawal, transfer, bailment, loan, pledge payment, or exchange of currency by, through, or to the financial institution.
MD. Financial Institutions Code Ann. §  12-803 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-803 - Reports of Transactions in Excess of $10,000

    (a)    A financial institution shall keep a record of currency transactions in excess of $10,000 and shall file with the Department within 15 days of the date of the transaction pursuant to regulations adopted by the Secretary a complete report of currency transactions in excess of $10,000.    (b)    The reporting requirements of this section are complied with if:        (1)    A financial institution files with the Department a duplicate copy of the report required by 31 U.S.C. § 5313; or        (2)    The information in the report required by 31 U.S.C. § 5313 is available to the Department from a federal agency.    (c)    The Secretary shall adopt regulations to carry out the purposes of this subtitle and to provide for the exemption of transactions which are clearly of a legitimate nature and for which mandatory reporting would serve no useful purpose.    (d)    A transaction that is exempt from reporting by a financial institution under federal law is also exempt from the reporting requirements of this subtitle.
MD. Financial Institutions Code Ann. §  12-804 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-804 - Access to Reports

    (a)    The Department of Public Safety and Correctional Services and the Office of the Attorney General shall have access to and shall be authorized to inspect and copy any reports filed with the Department under this article.    (b)    The Department may make the contents of a report available to other criminal justice agencies only for purposes of investigation or prosecution of the subject of the report.
MD. Financial Institutions Code Ann. §  12-805 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-805 - Civil Penalties

    (a)    The Secretary may assess a civil penalty against any financial institution and any officer, employee, agent, or director of the institution for each knowing and willful violation of this subtitle.    (b)    (1)    The civil penalty may not exceed $50 for each day the violation continues.        (2)    For purposes of this section, a separate violation occurs at each office, branch, or place of business where a violation occurs or continues.        (3)    The total civil penalty may not exceed $1,000.    (c)    In the event of the failure of any person to pay any penalty assessed under this section, a civil action for recovery of the penalty may be brought by the State against the person.
MD. Financial Institutions Code Ann. §  12-806 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 8 - Currency Transactions|Section 12-806 - Notice Regarding Information No Longer Available From Federal Agency

    If the information required by § 12-803(a) of this subtitle has been available to the Department from a federal agency, a financial institution may not be subject to the civil penalties provided for in this subtitle unless the financial institution has been notified by the Department that:         (1)    The information is no longer available; and        (2)    The financial institution is now required to provide the information to the Department.
MD. Financial Institutions Code Ann. §  12-902 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-902 - Applicability

    This subtitle does not apply to:         (1)    The following persons when engaged in the regular course of their respective businesses and professions:            (i)    An attorney at law;            (ii)    An escrow agent;            (iii)    A certified public accountant;            (iv)    A banking institution, other-state bank, national banking association, credit union, or savings and loan association;            (v)    A person that:                1.    Provides bill payer services, as defined in § 12-401 of this title;                2.    Does not initiate any contract with individual creditors of the debtor to compromise a debt or arrange a new payment schedule; and                3.    Does not provide any debt counseling services;            (vi)    A person that provides accelerated mortgage payment services, as defined in § 12-401 of this title;            (vii)    A title insurer, title insurance agency, or abstract company; or            (viii)    A judicial officer or a person acting under a court order;        (2)    A person while performing services incidental to the dissolution, winding up, or liquidation of a partnership, corporation, or other business enterprise;        (3)    A trade or mercantile association acting in the course of arranging the adjustment of debts with a business establishment; or        (4)    A mortgage lender, as defined in § 11-501 of this article, that:            (i)    Is licensed by the Commissioner; and            (ii)    Does not receive funds from a consumer for the purpose of distributing the funds among the consumer’s creditors in full or partial payment of the consumer’s debts.
MD. Financial Institutions Code Ann. §  12-904 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-904 - Fees

    (a)    An applicant shall submit separate applications for the applicant’s principal executive office and each branch location.    (b)    With the license application for the principal executive office of an applicant, the applicant shall pay to the Commissioner:        (1)    A nonrefundable investigation fee of $1,000 for an initial license; and        (2)    A license fee for an initial license or a license renewal for an additional 1–year term, as follows:            (i)    $500, if the applicant’s annual gross revenue is not more than $3,000,000;            (ii)    $1,000, if the applicant’s annual gross revenue is more than $3,000,000 but not more than $6,000,000;            (iii)    $2,000, if the applicant’s annual gross revenue is more than $6,000,000 but not more than $15,000,000;            (iv)    $3,000, if the applicant’s annual gross revenue is more than $15,000,000 but not more than $30,000,000; or            (v)    $4,000, if the applicant’s annual gross revenue is more than $30,000,000.    (c)    With the license application for each branch location of an applicant, the applicant shall pay to the Commissioner a $100 license fee for an initial license or a license renewal for an additional 1–year term.
MD. Financial Institutions Code Ann. §  12-905 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-905 - 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, except as provided in subsection (b) of this section, any other fee, examination assessment, 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. §  12-906 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-906 - Debt Management Services Without License Prohibited; Requirements

    (a)    Whether or not the person maintains an office in this State, a person may not provide debt management services to consumers unless the person:        (1)    Is licensed by the Commissioner under this subtitle; or        (2)    Is exempt from licensing under this subtitle.    (b)    A separate license is required for the principal executive office of the license applicant or licensee and each branch location.    (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 not 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. §  12-907 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-907 - License Requirements

    (a)    To qualify for a license, an applicant shall satisfy the Commissioner that:        (1)    The applicant and each of the owners, officers, directors, and principals of the applicant has sufficient experience, character, financial responsibility, and general fitness to:            (i)    Engage in the business of providing debt management services;            (ii)    Warrant the belief that the debt management services business will be conducted lawfully, honestly, fairly, and efficiently; and            (iii)    Command the confidence of the public;        (2)    Each agent acting on behalf of the applicant to manage a trust account required under § 12–917 of this subtitle has sufficient experience, character, financial responsibility, and general fitness to:            (i)    Engage in the business of managing a trust account;            (ii)    Warrant the belief that the management of the trust account will be conducted lawfully, honestly, fairly, and efficiently; and            (iii)    Command the confidence of the public;        (3)    The applicant has a net worth computed according to generally accepted accounting principles of at least $50,000, plus an additional net worth of $10,000 for each location at which debt management services will be provided to consumers, up to a maximum of $500,000 as provided in subsection (b) of this section; and        (4)    Before providing counseling to a consumer, each debt management counselor employed by the applicant or the applicant’s agent will receive comprehensive training in counseling skills, personal finance, budgeting, and credit and debt management.    (b)    The Commissioner may require a net worth of up to $500,000, subject to a consideration of the following:        (1)    The nature and volume of the business or proposed business of the applicant;        (2)    The amount, nature, quality, and liquidity of the assets of the applicant;        (3)    The amount and nature of the liabilities, including contingent liabilities, of the applicant;        (4)    The history of and prospects for the applicant to earn and retain income;        (5)    The quality of the operations of the applicant;        (6)    The quality of the management of the applicant;        (7)    The nature and quality of the person that has control of the applicant; and        (8)    Any other factor that the Commissioner considers relevant.
MD. Financial Institutions Code Ann. §  12-909 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-909 - Fingerprints and Criminal History Records Check

    (a)    In connection with an initial application, a renewal application, and at any other time the Commissioner requests, an applicant or licensee shall provide fingerprints to NMLS for use by the Federal Bureau of Investigation to conduct criminal history records checks.    (b)    An applicant or licensee required to provide fingerprints under this section shall pay any processing or other required fee.    (c)    If the applicant or licensee is a corporation, the fingerprinting and criminal history records check requirements shall apply to the president and any other officer, director, principal, or owner of the corporation as required by the Commissioner.    (d)    Any agent acting on behalf of a licensee to manage a trust account required under § 12–917 of this subtitle, and any agent of the licensee who has access to the account, shall provide to NMLS fingerprints for use by the Federal Bureau of Investigation to conduct criminal history records checks.
MD. Financial Institutions Code Ann. §  12-910 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-910 - Investigation; Time Period; Issuance; Denial

    (a)    After an applicant for a license files a complete application, files a surety bond, and pays the license and investigation fees required under this subtitle, the Commissioner shall investigate the facts relevant to the application to determine if the applicant meets the requirements of this subtitle.    (b)    Unless the Commissioner notifies an applicant that a different time period is necessary, the Commissioner shall approve or deny each application for a license within 60 days after the date on which the complete application is filed, the surety bond is filed, and the fees are paid.    (c)    The Commissioner shall issue a license to any applicant that meets the requirements of this subtitle.    (d)    (1)    If an applicant does not meet the requirements of this subtitle, the Commissioner:            (i)    Subject to the hearing provisions of § 12–927 of this subtitle, shall deny the application;            (ii)    Shall notify the applicant immediately of the denial;            (iii)    Shall refund the license fee; and            (iv)    Shall keep the investigation fee.        (2)    (i)    Within 30 days after the Commissioner denies an application, the Commissioner shall send a written notice to the applicant stating the reasons for the denial.            (ii)    The notice shall be sent by United States mail, e–mail, or any means provided through NMLS to the address listed in the application.
MD. Financial Institutions Code Ann. §  12-911 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-911 - Contents of License; Authorization; Transfer; Display; Notice on Website

    (a)    The Commissioner shall include on each license:        (1)    The name of the licensee;        (2)    The address of the location at which the business is to be conducted; and        (3)    The license number and unique identifier of the licensee.    (b)    A license authorizes the licensee to provide debt management services.    (c)    A license may not be transferred, assigned, or pledged.    (d)    (1)    If the licensee has an office in the State, the licensee shall prominently display the license in a location that is open to the public and at which the licensee engages in the business of providing debt management services.        (2)    If the licensee does not maintain an office in the State, the licensee shall maintain the license in the licensee’s headquarters.    (e)    A licensee that offers or provides debt management services through the Internet shall include the following notice on its website:    “The Commissioner of Financial Regulation for the State of Maryland will accept any questions and complaints from Maryland residents regarding (name and license number of the debt management services provider) at (address of Commissioner), phone (toll–free number of the Commissioner)”.    (f)    Only one location may be maintained under any one license.
MD. Financial Institutions Code Ann. §  12-912 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-912 - Term, Expiration, and Renewal of License

    (a)    An initial license term shall:        (1)    Begin on the date the license is issued; and        (2)    Expire on December 31 of the year:            (i)    In which the license is issued, if the license is issued before November 1; or            (ii)    Immediately following the year that the license is issued, if the license is issued on or after November 1.    (b)    On or after November 1 of the year in which a license expires, the license may be renewed for an additional 1–year term if the licensee:        (1)    Otherwise is entitled to be licensed;        (2)    Pays to the Commissioner the renewal fee established under § 12–904 of this subtitle;        (3)    Files with the Commissioner a surety bond renewal certificate or a new surety bond required under § 12–914 of this subtitle; and        (4)    Submits to the Commissioner a renewal application in the form, and in accordance with the process, that the Commissioner requires.    (c)    To the extent required or permitted by NMLS, the Commissioner may determine that licenses issued under this subtitle shall expire on a staggered basis.    (d)    A licensee may not renew a license unless, before the submission of the license renewal application, the licensee has transferred the licensee’s licensing information to NMLS in accordance with § 12–906(c) of this subtitle.
MD. Financial Institutions Code Ann. §  12-913 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-913 - Surrender

    (a)    (1)    A licensee may surrender a license by sending to the Commissioner, in the form and in accordance with the process that the Commissioner requires, a statement that the license is surrendered.        (2)    The statement shall provide:            (i)    The reason for the license surrender;            (ii)    For each consumer for whom the licensee is providing debt management services, the following information:                1.    The name of the consumer;                2.    The total amount of funds held by the licensee for distribution to the consumer’s creditors; and                3.    The name of each creditor of the consumer that is receiving payments from the licensee for debts owed by the consumer to the creditor, and the outstanding balance owed to each creditor.    (b)    The surrender of a license does not:        (1)    Affect any administrative, civil, or criminal liability of the licensee for acts committed before the license is surrendered;        (2)    Affect the surety bond required under § 12–914 of this subtitle; or        (3)    Entitle the licensee to the return of any fee paid to the Commissioner under § 12–904 of this subtitle.
MD. Financial Institutions Code Ann. §  12-915 (2021)
2021 Maryland Statutes|Financial Institutions|Title 12 - Miscellaneous Institutions and Activities|Subtitle 9 - Maryland Debt Management Services Act|Section 12-915 - Change of Information Included in the Application

    (a)    (1)    A licensee shall give the Commissioner written notice of any change in the information required to be included in the licensee’s application under § 12–908(b)(1) and (2) of this subtitle at least 30 days before the change is effective.        (2)    The licensee shall provide with the notice evidence that, after the change described in the notice, the licensee will continue to satisfy the surety bond requirement under § 12–914 of this subtitle.    (b)    Unless approved by the Commissioner, a licensee may not change a control person of the licensee, or an agent who is acting on behalf of the licensee to manage a trust account, listed on the licensee’s application under § 12–908(b)(3) and (6) of this subtitle.    (c)    (1)    To request approval of a proposed change described in subsection (b) of this section, the licensee shall notify the Commissioner in writing of the proposed change and submit any information that the Commissioner requires.        (2)    For a proposed change in owner or agent acting on behalf of the licensee to manage a trust account, the Commissioner may determine that the filing of a new application for the issuance of a license is warranted.        (3)    Unless the Commissioner notifies the licensee that a different time period is necessary, the Commissioner shall approve or deny a request for a change described in subsection (b) of this section within 60 days after the date the Commissioner receives all information required under paragraph (1) of this subsection.