50-State Financial Services Licensing Compliance Guide
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Maryland Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Maryland.

Company Licenses

Maryland Financial Services Company Licenses

Maryland Collection Agency Branch License

Agency:Maryland Department of Labor, Licensing and Regulation - Office of the Commissioner of Financial Regulation
Foreign Qualification is Prerequisite:Not Set
Bond Requirements:

$5,000 electronic surety bond for each branch location.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$350

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$350

Due:

Annually by December 31.

Amendment

Filing Method:

Online through NMLS

Agency Fee:

$0

Notes:

Changes to a branch office address, branch manager, or trade name can be made online.

Maryland Collection Agency License

Agency:Maryland Department of Labor, Licensing and Regulation - Office of the Commissioner of Financial Regulation
Foreign Qualification is Prerequisite:Yes
Bond Requirements:

$5,000 electronic surety bond.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Yes

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$350

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$350

Due:

Annually by December 31.

Amendment

Filing Method:

Online through NMLS

Agency Fee:

$0

Notes:

Changes to the name, address, or other entity information can be made online.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised January 08, 2019. Complete data last reviewed January 08, 2019.
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