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Tracy Galvin

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9 months ago

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We are a finance company that does loans to commercial entities. We are trying to fill out the Application for Lien Code Assignment and/or Enrollment/Change in Electronic Lien system. Under Section "A" I am not sure how to fill out this section. I believe we opt for Item B. " The lien holder making application is exempt from obtaining a Maryland lender's license or sales finance license. However, we are a financial institution (not FDIC insured) and not a bank. Can someone tell us how to fill out this form please?