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Application and Licensing Fees - Financial Regulation Electronic Licensing

Affiliated Insurance Producers - Mortgage Loan Originators

  • Initial License/ Form MU4 - (Investigation fee NOT included): $700.00
  • Investigation Fee (non-refundable/ not applicable to renewals): $1.00
  • License Renewal: $700.00
  • NMLS Processing Fee: $30
  • Amendments
    • Change of Employer: $0
    • Change of Name: $0
    • Request for placement on non-active status: $0
    • Request for return to active status (without change of employer): $0
    • Request for return to active status (with change of employer): $0

Banks & Credit Unions

  • Affiliate: $750
  • Articles of Amendment: $20
  • Bank Holding Company: $1,500
  • Branch: $600
  • Conversions - To State-Chartered: $7,000
  • Credit Union Branch: $100
  • Foreign Bank Representative Office Permit: $500
  • Mergers/Acquisitions - Among 2 Banks: $3,000
  • Mergers/Acquisitions - Among 3 or more Banks: $5,000
  • New Bank Charters: $15,000
  • New Credit Union Charters: $500
  • New Non-Depository Trust Company: $15,000
     
    Miscellaneous Fees
  • Certified Copies of Documents: $50
  • Certificate of Valid Charter: Requested by Bank or on behalf of: $25
  • Certificate of Valid Charter: Requested by a person other than a bank: $50

Check Cashers

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

  • Initial License/ Form MU1 - Principal Office or Individual (Investigation Fee NOT included): $500
  • Initial License/ Form MU3 - Branch Office (Investigation Fee NOT included): $500
  • Renewal Application: $1,000
  • Investigation Fee (non-refundable): $100
  • License Renewal: $500

    NOTE: Within the NMLS system, a record of the business’s main office is required, even if no Maryland check cashing activity takes place at that location, and no license for that location is required. In those cases, the business must complete a “registration” through NMLS for the main office. There is no fee for this registration.

Collection Agencies

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Consumer Lending

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Credit Services Businesses

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Debt Management Companies

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Debt Management Company’s Annual Gross Revenue Initial License/ Form MU1 - Principal Office or Individual Investigation Fee License Renewal Fee
Not greater than $3,000,000 $ 500 $1000 (non-refundable) $ 500
> $3,000,000, but not more than $6,000,000 $1,000 $1000 (non-refundable) $1,000
> $6,000,000, but not more than $15,000,000 $2,000 $1000 (non-refundable) $2,000
> $15,000,000, but not more than $30,000,000 $3,000 $1000 (non-refundable) $3,000
> $30,000,000 $4,000 $1000 (non-refundable) $4,000
Annual Volume of Maryland Transactions Loss Range Required Bond Amount
     
Less than $240,000 $0 to $10,000 $10,000
$240,001 to $600,000 $10,001 to $25,000 $25,000
$600,001 to $1.2 million $25,001 to $50,000 $50,000
$1.2 million to $1.8 million $50,001 to $75,000 $75,000
$1.8 million to $2.4 million $75,001 to $100,000 $100,000
$2.4 million to $4.8 million $100,001 to $200,000 $200,000
$4.8 million to $9.6 million $200,001 to $400,000 $400,000
$9.6 million to $14.4 million $400,001 to $600,000 $600,000
$14.4 million to $19.2 million $600,001 to $800,000 $800,000
More than $19.2 million More than $800,000 $1,000,000

Debt Settlement Services Providers

Installment Lenders

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Money Transmitters

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

  • Initial License/Form MU1 - Principal Office: $2,000.00
  • Investigation Fee: $1,000.00
  • License Renewal: $2,000.00
  • NMLS Processing Fee (Company): $100
  • NMLS Processing Fee (Branch): $20
  • Amendments
    • Change of Address: $0
    • Change of Name: $0
    • Change of Control: $0

    New applicants must provide surety bonds through the NMLS Electronic Surety Bond (ESB) process.

Mortgage Lenders/Brokers/Servicers
Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

Loan Activity Bond Amount
   
$3,000,000.00 or less $50,000.00
$3,000,000.01 - $10,000,000.00 $100,000.00
$10,000,000.01 or more $150,000.00
Five or more applications at the same time $750,000.00

Mortgage Loan Originators

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.

  • Initial License/ Form MU4 - (Investigation fee NOT included): $225.00
  • Investigation Fee (non-refundable/ not applicable to renewals): $1.00
  • License Renewal: $225.00
  • NMLS Processing Fee: $30.00
  • Amendments
    • Change of Employer - $20.00
    • Change of Name - $20.00
    • Request for placement on non-active status - $0
    • Request for return to active status (without change of employer) - $0
    • Request for return to active status (with change of employer) - $20.00

Sales Finance Companies

Using NMLS, a nationwide licensing system, you may pay either by electronic check or by credit card.