§ 12-430.1. Reporting and enforcement of actions against money transmitters.

   (a) Reporting adjudicated enforcement actions against money transmitters to nationwide licensing system; challenges. --

   (1) Notwithstanding § 10-611 through 10-628 of the State Government Article, and subject to § 12-408.1 of this subtitle, the Commissioner shall report adjudicated enforcement actions against a money transmitter or its authorized delegate and other relevant information to the nationwide licensing system.

   (2) The Commissioner shall adopt regulations establishing a process by which a licensee or an applicant for a license may challenge information entered by the Commissioner into the nationwide licensing system.

(b) Submitting information related to persons not licensees or authorized delegates. -- The Commissioner may submit to the nationwide licensing system information regarding enforcement actions against persons engaged in the money transmission business who are not licensees or authorized delegates.

HISTORY: 2012, ch. 78.