Pursuant to Maryland Code Ann., Financial Institutions §§ 11-606 and 11-612, and the SAFE
Mortgage Licensing Act, education requirements and approval processes for Maryland mortgage loan originators have
changed. The requirements for mortgage loan originators are below:
PRE LICENSING REQUIREMENT - 20 Hours
- Federal Law and Regulations: 3 Hours
- Ethics, Fraud, Consumer Protection and Fair Lending: 3 Hours
- Lending Standards for Nontraditional Mortgage Products: 2 Hours
- Maryland Mortgage-Related Law: 3 Hours
- Maryland Finders Fee Law: 2 Hours
- Electives: 7 Hours
CONTINUING EDUCATION REQUIREMENTS - 8 Hours
- Federal Law and Regulations: 3 Hours
- Ethics, Fraud, Consumer Protection and Fair Lending: 2 Hours
- Lending Standards for Nontraditional Mortgage Products: 2 Hours
- Instruction on Maryland Mortgage-Related Law: 1 Hours
COURSE PROVIDERS AND COURSES - APPROVAL PROCESS
Providers and coursework to be offered must be approved through the Nationwide Mortgage Licensing System
(NMLS). Course providers are encouraged to visit the
NMLS website for more details on the approval process.
For questions about course requirements, providers and approved courses, go to the NMLS Education Resource Page or call NMLS at 855-665-7123. For other inquiries specific to Maryland requirements, contact Arlene F. Williams, Acting Director of Mortgage Licensing and Mortgage Licensing Supervisor at
410-230-6068.
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