Affiliated Insurance Producer - Originators - Financial Regulation
Last reviewed/updated: August 5, 2024
An Affiliated Insurance Producer is an individual who originates mortgage loans (i.e. takes loan applications and/or offers or negotiates the terms of mortgage loans). An individual is eligible for this license if the individual: 1) originates mortgage loans only on behalf of a financial institution that is described in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) that is approved by the Commissioner; 2) is a licensed insurance producer in good standing; and 3) holds 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 in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) under an exclusive contract with that financial institution. For more detailed information on this license type please proceed to the NMLS Resource Center.
License Requirements and Fees
Additional Information and Documents
- Affiliated Insurance Producer - Originator FAQs
- NMLS Mortgage Loan Originator Test
- State-Specific Education Requirements
- Affidavit of Mortgage Originator Activity - New Applicant
- Affidavit of Mortgage Originator Activity - Licensee Amendment or Return to Active Status
- Sponsor Certificate - AIP-MLO
- Net Tangible Benefit Worksheet
- See Industry Advisories for regulatory guidance issued by the Commissioner. Subscribe here to receive our advisory emails.
Laws, Rules, and Regulations
Applicants and licensees are expected to be knowledgeable about and in compliance with the Maryland Mortgage Originator Law, and any other applicable State or Federal statutes, rules, and regulations. Maryland laws, rules, and regulations can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR). Certain relevant Maryland laws, rules, and/or regulations include (Note: this is not a comprehensive list):
- Maryland Code, Financial Institutions Article, Title 11, Subtitle 5 (Maryland Mortgage Lender Law)
- Maryland Code, Financial Institutions Article, Title 11, Subtitle 6 (Maryland Mortgage Originator Law)
- Maryland Code, Commercial Law Article, Title 12 (Credit Regulations)
- Maryland Code, Real Property Article, Title 7, Subtitle 4 (Maryland Mortgage Fraud Protection Act)
- COMAR 09.03.06 (Mortgage Lenders)
- 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)