Sales Finance Companies - Financial Regulation
A Sales Finance company engages in, whether by purchase, discount, pledge, loan, or otherwise, the business of acquiring, investing in, or lending money or credit on the security of any interest in an installment sale agreement or retail credit account.
- New Applicants - ALL new license applicants MUST initiate applications through the NMLS. Proceed to NMLS.
Please note new license requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
- Renewing Licensees - You must renew your license on the NMLS during the renewal period – November 1st through December 31st. Proceed to NMLS. Please note renewal requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
- Print a Copy of Your License
- Application and Licensing Fees
Laws and Rules
Applicants and licensees are expected to be knowledgeable about and in compliance with the Maryland law governing sales finance companies, and any other applicable State or Federal statutes and regulations. Maryland rules and regulations can be found by accessing the Code of Maryland Unannotated and Rules (Public Access) and Code of Maryland Regulations (COMAR).
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, Financial Institutions § 11-401 et seq. (Sales Financing Companies-Licensing Provisions)