Maryland § 12-1004
Full text of Maryland Maryland Code § 12-1004, with citation guidance and answers to common questions.
§ 12-1004.
(a) A person may not offer, provide, or attempt to provide debt settlement services unless the person:
(1) Is registered with the Commissioner under this subtitle; or
(2) Is exempt from registration under this subtitle.
(b) During the time period established by the Commissioner under subsection (c) of this section, each registrant shall:
(1) Obtain and maintain a valid unique identifier issued by NMLS when an account is created with NMLS; and
(2) Transfer registration information to NMLS.
(c) (1) The Commissioner shall establish a time period that is not less than 2 months within which a registrant must transfer registration information to NMLS.
(2) The time period that the Commissioner establishes under this subsection shall begin on or after July 1, 2019.
(3) At least 30 days before the transfer period begins, the Commissioner shall:
(i) Notify registrants of the transfer period; and
(ii) Provide instructions for the transfer of registration information to NMLS.
(d) Subject to subsection (b) of this section, an applicant for the issuance of a registration or a renewal of a registration shall apply for the initial registration or the renewal of the registration through NMLS:
(1) On or after July 1, 2019; or
(2) If the Commissioner has not joined NMLS with respect to persons required to be registered under this subtitle as of July 1, 2019, on or after the date that the Commissioner joins, as specified by the Commissioner by public notice.
Frequently Asked Questions About Maryland § 12-1004
What does Maryland Code § 12-1004 cover?
Section 12-1004 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-1004?
A common citation format is "Maryland Code § 12-1004" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-1004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.