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Affiliated Insurance Producer - Originator - Financial Regulation

An Affiliated Insurance Producer originates mortgage loans only on behalf of a financial institution that is *a bank, trust company, savings bank, savings and loan association, or credit union incorporated or charted under the laws of this State or the United States or any other-state bank having a branch in this State that is approved by the Commissioner. They are also a licensed insurance producer in good standing, and hold an appointment as an insurance producer for an insurer that controls, is controlled by, or is under common control with either the financial institution described above or a mortgage lender licensee that is approved by the Commissioner and only originates loans for the financial institution described as above (*) under an exclusive contract with that financial institution.

Frequently Asked Questions (FAQs)

  • New Applicants - ALL new license applicants MUST initiate applications through the NMLS. Proceed to NMLS. Please note new license requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
     
  • Renewing Licensees - You must renew your license on the NMLS during the renewal period – November 1st through December 31st. Proceed to NMLS. Please note renewal requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
     



Featured Information

Required: Information on Business Activities
Pre-Licensure Education
Continuing Education
Advisory: Guidelines for Compliance with State and Federal Requirements to Provide Housing Counseling Information for Borrowers - September 28, 2015


Laws and Rules

Applicants and licensees are expected to be knowledgeable about and in compliance with the Mortgage Loan Originator Law, and any other applicable State or Federal statutes and regulations. Maryland rules and regulations can be found by accessing the Code of Maryland Unannotated and Rules (Public Access) and Code of Maryland Regulations (COMAR).

Note: To access the Maryland Code Annotated, from the link below, select the "Maryland Code" folder, then select the individual folders or links provided to delve into the volumes, chapters, and/or sections of the publication.

Maryland Code Annotated, Financial Institutions § 11-601 et seq. (Maryland Mortgage Originator Law)
Maryland Code Annotated, Financial Institutions § 11-501 et seq. (Maryland Mortgage Lender Law)
COMAR 09.03.09 Mortgage Loan Originators
COMAR 09.03.10 Credit and Other Regulation
COMAR 09.03.11 Recordation of Security Instruments for Residential Property
COMAR 09.03.12 Foreclosure Procedures for Residential Property