Maryland Transitions Bonds to NMLS; Encourages Licensees to Do the Same

The state of Maryland is one of the states that has transitioned many of their bonds to NMLS. They are strongly encouraging current licensees to adopt the electronic bond format and requiring that all new applications be electronic. Look at the checklist below to make sure you are compliant and can avoid time-consuming and costly deficiencies.

1. Does your agency hold any of the following licenses? If so, there are separate bonding requirements for each of them:

✓ Collection Agency License

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