Maryland Debt Management license
Maryland Requires Debt Management companies to be Licensed
Maryland Debt Management licensing: Maryland requires companies to be licensed as a Debt Management company. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a Maryland Certificate of Authority is required if a company does business in Maryland regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of Maryland requires companies not incorporated in Maryland to obtain before “transacting business” within the state borders of Maryland.
The filing fee for getting a Debt Management license in Maryland is: $1,500 plus a fee to conduct a background check.
The filing fee for getting licensed as a Debt Settlement Provider in Maryland is: $400 plus a fee to conduct a background check.
The filing fee for a foreign limited liability company to register a Maryland Certificate of Authority is $100.
The filing fee for a foreign corporation to register a Maryland Certificate of Authority is $155.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
Call Now to discuss the best filing options for getting your Maryland Debt Management licenses!
Free Consultation – Call Now 855-260-4000
Want to verify if an existing company is licensed in Maryland as a Debt Management company? Click here.