Industry Advisories - 2026 Licensee Assessment - Financial Regulation

May 11, 2026

In the coming weeks, Office of Financial Regulation (OFR) licensees will receive notices of their 2026 assessment amounts. As a reminder, the Commissioner of Financial Regulation may impose an annual assessment on parties licensed by the Commissioner or by the State Collection Agency Licensing Board to support the Non-Depository Special Fund, which funds OFR’s work supervising licensees, enforcing financial laws, addressing consumer complaints, and conducting examinations and investigations (see Md. Code Ann., Financial Institutions § 2-120(h)).

The Office is required by regulation to issue notices between May 1 and June 1, prior to the start of its next fiscal year, for any year when assessments are deemed necessary. Licensees subject to assessment will be expected to pay the assessments within 30 days of the date that the assessment is imposed, based on invoices issued through the Nationwide Multistate Licensing System (NMLS).

This assessment determination applies to the current year only. Determinations as to assessment amounts are made annually for each particular year and no particular assessment determination, including a determination of assessment amount, should be construed as suggesting a similar determination during any future year.

Contact

For questions regarding this notice, please contact Clifford Charland, Assistant Commissioner - Financial Services Licensing and Supervision, by phone at 410-230-6167 or by email at [email protected].