{"data":{"id":"us-md/md.-code-financial-institutions-12-1102","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 12–1102","heading":"","body":"(a) Beginning March 15, 2024, a student financing company shall register with the Commissioner as a student financing company before providing services in the State.\n(b) An application for registration shall include:\n(1) The student financing company’s name;\n(2) The student financing company’s address;\n(3) The name of all officers, directors, partners, and owners of controlling interests of the student financing company;\n(4) The addresses of all officers, directors, partners, and owners of controlling interests in the student financing company; and\n(5) Any other information that the Commissioner requires by regulation.\n(c) A student financing company shall renew its registration on an annual basis, and may be required to pay a fee at the time of renewal.\n(d) The Commissioner may adopt and enforce:\n(1) Registration procedures for student financing companies, which may include the use of NMLS;\n(2) Registration fees for student financing companies, which may include fees for the use of NMLS, to be paid directly by the student financing company;\n(3) Procedures and fees for renewing a student financing company’s registration, which may include fees for the renewed use of NMLS, to be paid directly by the student financing company; and\n(4) Alternate registration procedures and fees for institutions of postsecondary education that offer student financing products.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=12-1102","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"1fe084661ecd7e6b72aa97b356ca5dad72b54c70230f4f18d4e01529e1f5617e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-12-1101","next":"us-md/md.-code-financial-institutions-12-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}