Maryland collection agency licensing act

The suspension or revocation of a license does not affect the obligation of a claim that the licensee lawfully acquired before the suspension or revocation. Subject to the evaluation and reestablishment provisions of the Maryland Program Evaluation Act, [FN1] this title and all regulations adopted under this title shall terminate on July 1, A collector who violates any provision of this subtitle is liable for any damages proximately caused by the violation, including damages for emotional distress or mental anguish suffered with or without accompanying physical injury.

You must be logged in to post a comment. Definitions a In this title the following words have the meanings indicated. Scope of provisions a 1 In this section the following words have the meanings indicated.

Prohibition of local license Only the State may require a person to hold a license or to pay a fee to do business as a collection agency. Composition a 1 The Board consists of the following 5 members: i as an ex officio member, the Commissioner; and ii 4 members appointed by the Governor with the advice and consent of the Senate. Code Ann. Refer to Md. A separate Branch License is required for each branch location where a person does business as a collection agency.

Refer specifically to Md. Applicants and licensees are expected to be knowledgeable about and in compliance with the Maryland Collection Agency Licensing Act, and any other applicable State or Federal statutes, rules, and regulations. The Board, with the assistance of OCFR staff, receives and processes licensing applications, monitors and disciplines licensees, investigates written complaints and mediates disputes, and engages in enforcement activity to correct violations of Maryland law.

The Board also engages in public outreach efforts to both consumers and licensees about industry trends and abusive debt collection practices. Antonio P.