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2007 Laws of Maryland
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Ch. 472
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claims without being licensed if the person applies for a license within a certain
time period; and generally relating to the licensing and regulation of collection
agencies.
BY repealing and reenacting, with amendments,
Article - Business Regulation
Section 7-101, 7-303, and 7-308
Annotated Code of Maryland
(2004 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Business Regulation
7-101.
(a) In this title the following words have the meanings indicated.
(b) "Board" means the State Collection Agency Licensing Board.
(c) "Collection agency" means a person who[:
(1)] engages directly or indirectly in the business of:
(1) (i) collecting for, or soliciting from another, a consumer claim;
OR
(II) COLLECTING A CONSUMER CLAIM THE PERSON OWNS, IF
THE CLAIM WAS IN DEFAULT WHEN THE PERSON ACQUIRED IT;
(2) [in collection of a consumer claim by its owner, uses] COLLECTING
A CONSUMER CLAIM THE PERSON OWNS, USING a name or other artifice that
indicates that another party is attempting to collect the consumer claim;
(3) [gives, sells, attempts] GIVING, SELLING, ATTEMPTING to give or
sell to another, or [uses] USING, for collection of a consumer claim, a series or system
of forms or letters that indicates directly or indirectly that a person other than the
owner is asserting the consumer claim; or
(4) [employs] EMPLOYING the services of an individual or business to
solicit or sell a collection system to be used for collection of a consumer claim.
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- 2760 -
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