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Office of the Commissioner of Financial Regulation

 

Installment Loan License

 

Persons intending to engage in the business of making Maryland installment loans, unless otherwise exempt, must first obtain an installment loan license pursuant to the Financial Institutions Article, Title 11, Subtitle 3, Annotated Code of Maryland.

 

Quick Links

 

Applications and Forms

Installment Loan License (Original Office) Application
Installment Loan License (Branch) Application
Installment Loan License Renewal Application
Interim Change
Surety Bond Form (Word document, 35KB, download Word viewer for free)


Laws and Rules

Applicants and licensees are expected to be knowledgeable about and in compliance with the Installment Loan law, and any other applicable state or federal statutes and regulations.

Note: To access the Maryland Code Annotated, from the link below, select the “Maryland Code” folder, then select the individual folders or links provided to delve into the volumes, chapters, and/or sections of the publication.

Maryland Code Annotated, Commercial Law § 12-103(a)(3) or (c) (Interest and Usary)
Maryland Code Annotated, Commercial Law § 12-901 et seq. (Credit Grantor Law/Open-End Credit)
Maryland Code Annotated, Commercial Law § 12-1001 et seq. (Credit Grantor Law/Closed-End Credit)
Maryland Code Annotated, Financial Institutions § 11-301 et seq. (Installment Loans-Licensing Provisions)
COMAR 09.03.02 General Regulations
COMAR 09.03.10 Credit and Other Regulation

 
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