Consumer Credit Reporting Agencies - Financial Regulation
A Credit Reporting Agency is any business which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties.
Laws and Rules
Applicants and licensees are expected to be knowledgeable about and in compliance with the Consumer Credit Reporting Agencies law, 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, Commercial Law § 14-1201 et seq. (Consumer Credit Reporting Agencies)
COMAR 09.03.07 Credit Reporting Agencies