Ch. 375

2003 LAWS OF MARYLAND

(III)   A CERTIFIED PUBLIC ACCOUNTANT;

(IV)    A BANK, SAVINGS AND LOAN, CREDIT UNION, OR TRUST
COMPANY BANKING INSTITUTION, OTHER-STATE BANK, NATIONAL BANKING
ASSOCIATION, CREDIT UNION, OR SAVINGS AND LOAN ASSOCIATION;

(V)     A PERSON THAT:

1.       PROVIDES BILL PAYER SERVICES, AS DEFINED IN § 12-401
OF THIS TITLE;

2.       DOES NOT INITIATE ANY CONTRACT WITH INDIVIDUAL
CREDITORS OF THE DEBTOR TO COMPROMISE A DEBT OR ARRANGE A NEW PAYMENT
SCHEDULE; AND

3.       DOES NOT PROVIDE ANY DEBT COUNSELING SERVICES;

(VI)    A PERSON THAT PROVIDES ACCELERATED MORTGAGE
PAYMENT SERVICES, AS DEFINED IN § 12-401 OF THIS TITLE;

(VII)  AN APPROVED SERVICER AS DEFINED IN § 11-522 OF THIS
ARTICLE;

(V) (VIII) A TITLE INSURER, TITLE INSURANCE AGENCY, OR
ABSTRACT COMPANY; OR

(VI) (IX) A JUDICIAL OFFICER OR A PERSON ACTING UNDER A
COURT ORDER;

(2)      A PERSON WHILE PERFORMING SERVICES INCIDENTAL TO THE
DISSOLUTION, WINDING UP, OR LIQUIDATION OF A PARTNERSHIP, CORPORATION, OR
OTHER BUSINESS ENTERPRISE; OR

(3)      A TRADE OR MERCANTILE ASSOCIATION ACTING IN THE COURSE OF
ARRANGING THE ADJUSTMENT OF DEBTS WITH A BUSINESS ESTABLISHMENT; OR

(4)      A MORTGAGE LENDER AS DEFINED IN § 11-501 OF THIS ARTICLE,
THAT:

(I)      IS LICENSED BY THE COMMISSIONER; AND

(II)     DOES NOT RECEIVE FUNDS FROM A CONSUMER FOR THE
PURPOSE OF DISTRIBUTING THE FUNDS AMONG THE CONSUMER'S CREDITORS IN
FULL OR PARTIAL PAYMENT OF THE CONSUMER'S DEBTS.

12-903.

TO CARRY OUT THE PROVISIONS OF THIS SUBTITLE, THE COMMISSIONER MAY:

(1)      ADOPT RULES AND REGULATIONS;

(2)      ENTER INTO COOPERATIVE AND INFORMATION SHARING
AGREEMENTS WITH ANY OTHER FEDERAL OR STATE AGENCIES HAVING
SUPERVISORY RESPONSIBILITY OVER DEBT MANAGEMENT SERVICES BUSINESSES;
AND

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