Maryland Division of Financial Regulation
The Maryland Office of Financial Regulation is the primary regulator for many State-chartered financial institutions, including, banks, credit unions, and trust companies, and State-licensed financial entities such as, consumer finance companies, mortgage lenders and brokers, consumer debt collection agencies, check cashers, and money transmitters.
The Office is responsible for supervising the activities of these businesses to ensure compliance with the financial institution laws and regulations of Maryland. Supervision includes periodic on-site examinations, as well as, off-site monitoring programs.
Each year, the Office handles numerous corporate applications from the banking industry, including formation of new banks, charter conversions, mergers and acquisitions, affiliates, trust powers, foreign bank offices, branches, etc. The Office is also responsible for issuing licenses to consumer lenders, mortgage lenders, check cashers, debt management companies, and money transmitters.
The Office provides assistance to consumers by investigating complaints of questionable business practices involving the financial institutions under its supervision.
Department of Labor, Licensing and Regulation
Commissioner of Financial Regulation
500 North Calvert Street
Suite 402
Baltimore, MD 21202
Hours of Operation: 8:30 a.m. to 5:00 p.m.,
Monday through Friday, excluding holidays.
Telephone Number: (410) 230-6100
Fax Numbers: (410) 333-3866 or (410) 333-0475
E-mail Address: finreg@dllr.state.md.us
Votes:5
Comments: 0