Collection Agency Banner 3
Issue 5
December 29, 2015

You are receiving this notice because we have not received your company's Maryland Collection Agency renewal application for 2016.  As a result, the company MUST CEASE CONDUCTING BUSINESS ON JANUARY 1, 2016.  

Additionally, if you do not submit the application by December 31, 2015, but you intend to continue in the business,  THE COMPANY MUST APPLY FOR A NEW COLLECTION AGENCY LICENSE prior to resuming business, as Maryland statutes do not provide for a grace period for late filers.

The renewal link can be found here.  In order to renew, the company must provide 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 formed under Maryland law must provide a Certificate of Good Standing issued by the Maryland Department of Assessment and Taxation that must be dated after September 1, 2015.
    • 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 Assessment and Taxation, both of which must be dated after September 1, 2015.
Copies of the documentation may be emailed directly to Betty McBride, Non-Mortgage Licensing Supervisor, at Betty.McBride@maryland.gov. 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.

Office of the Commissioner of Financial Regulation

Maryland Department of Labor, Licensing and Regulation

500 North Calvert Street, Suite 402

Baltimore, MD 21202-3651

410-230-6155 | Office    410-333-0475 | Fax

 

If you would like to subscribe to our newsletter, please enter your e-mail below.  

 

For Email Newsletters you can trust