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Maryland

Consumer Loan License

Pending scope review
Agency
Maryland Office of Financial Regulation
Statute
Not on file

Who may need this license

Detailed scope guidance is being verified against the current NMLS checklist.

Estimated filing costs

Application fee
$100
License fee
$850
NMLS fee
$120

Financial requirements

Financial statement (new application)
Not Required
Annual financial statement
Not Required
Net worth
$0

Bonding

Surety bond required
No
Minimum bond amount
$50,000

Control-person and background requirements

Credit report roles
Not on file
Criminal background check roles
Not on file

Ongoing reporting

MCR — Mortgage Call Report
Not required

A periodic report of loan origination and servicing activity filed through NMLS.

SSSF — State-Specific Supplemental Form
Not required

A state-specific form filed alongside standard NMLS reporting to satisfy that state's additional requirements.

UAAR — UAAR
Not required

A state reporting requirement. The full definition has not yet been verified against NMLS or state-regulator source documentation — treat as provisional pending confirmation. (definition pending verification)

Advance-change notice timing

Legal name change notice
0 days (no advance notice window)
Main address change notice
30 days

Informational only — not legal advice. Requirements change without notice; verify with NMLS and the applicable state regulator before relying on any item. Source data © CSBS/NMLS; presented with restructured, paraphrased content and attribution.