On October 31, 2013, collection agency licensees were advised of the Maryland Collection Agency Licensing Board's preparations for transition of the Collection Agency licensing process to the nationwide licensing system known as NMLS.  Under the NMLS licensing system, all licenses, unless perpetual, expire at the end of each calendar year.  Accordingly, the Board realigned a vast majority of collection agency licensees to a December 31st expiration date. 
Until the NMLS transition occurs, licensees must still renew their license before the end of the year using the current Maryland system.  The renewal link can be found here.  All renewal applications must include the following documentation:
  • Bond Coverage
    • Licensees must provide a bond verification or continuation certificate dated after September 1, 2015, to establish that coverage is sufficient and in effect. 
  • Certificate of Good Standing
    • Licensees whose state of formation is not Maryland must provide a Certificate of Good Standing issued by the state of formation and a Certificate of Good Standing issued by the Maryland Department of Assessments and Taxation, both of which must be dated after September 1, 2015. 
Upon satisfaction of the renewal application requirements, the license will be renewed for a two-year term ending on December 31, 2017.  
For more information, please contact Juan M. Sempertegui, Director of Licensing at (410) 230-6102 or via email at Juan.Sempertegui@Maryland.gov.