Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
What this bill does
Providing for the elimination of certain paper licenses for collection agencies, credit services, lenders, installment lenders, mortgage lenders, mortgage loan originators, sales finance companies, check cashing services, money transmission businesses, and debt management services; providing for the licensing of certain persons for certain activities through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring that certain licenses provided for through NMLS include certain information; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Fulginiti, Andrew | Maryland Department of Labor | Written (PDF) |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |
| FAV | Cunningham, Joseph | Individual | Written (PDF) |
| FAV | Salazar, Commissioner, Antonio "Tony" | Individual | Oral |