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Statutes Text

Article - Financial Institutions


    (a)    A license is not transferable.

    (b)    (1)    Each licensee shall conspicuously post, in 48 point or larger type, at the licensee’s licensed location the following information:

            (i)    The licensee’s unique identifier; and

            (ii)    A statement advising consumers of the availability of the NMLS Consumer Access website to verify the licensing status of the licensee.

        (2)    Each licensee shall conspicuously display the following information on the licensee’s website, any software application accessible to the public and used to engage in business as a sales finance company, and profile page within each social media platform the licensee uses:

            (i)    The licensee’s unique identifier; and

            (ii)    A link to the NMLS Consumer Access website.

    (c)    A licensee is not required to post the information required in subsection (b)(1) of this section if the licensee does not grant regular access to the licensed location to members of the general public.

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