05/12/2026 | News release | Distributed by Public on 05/12/2026 07:38
In the coming weeks, licensees of the Office of Financial Regulation (OFR) will receive notices about their 2026 assessment amounts. Under Maryland law, the Commissioner of Financial Regulation may charge annual assessments to certain licensees to support the Non-Depository Special Fund. The fund helps pay for OFR's work overseeing licensees, enforcing financial laws, handling consumer complaints, and conducting exams and investigations.
By regulation, OFR must send assessment notices between May 1 and June 1 before the start of the next fiscal year when assessments are needed. Licensees must pay the assessment within 30 days of the invoice date. Invoices will be issued through the Nationwide Multistate Licensing System (NMLS).
This assessment applies only to the current year. Assessment decisions are made each year, and this year's amount does not guarantee the same assessment in future years, according to OFR.