§ 14-1903. Application of subtitle; licenses

   (a) In general. -- Notwithstanding any election of law or designation of situs in any contract, this subtitle applies to any contract for credit services if:

   (1) The credit services business offers or agrees to sell, provide, or perform any services to a resident of this State;

   (2) A resident of this State accepts or makes the offer in this State to purchase the services of the credit services business; or

   (3) The credit services business makes any verbal or written solicitation or communication that originates either inside or outside of this State but is received in the State by a resident of this State.

(b) Licenses -- Required. -- A credit services business is required to be licensed under this subtitle and is subject to the licensing, investigatory, enforcement, and penalty provisions of this subtitle and Title 11, Subtitle 3 of the Financial Institutions Article.

(c) Licenses -- Issuance. -- A license required by this subtitle shall be issued by the Commissioner.

(d) Licenses -- Exemptions. -- A person not included within the definition of a credit services business as provided in § 14-1901(e)(3) of this subtitle is exempt from licensure requirements under this subtitle.

HISTORY: 1991, ch. 628; 2001, ch. 29, § 1; 2005, ch. 25, § 13.