Mortgage Loan Originators - Financial Regulation
Last reviewed/updated: August 6, 2024
A Mortgage Loan Originator is an individual who for compensation or gain, or in the expectation of compensation or gain, takes a loan application or offers or negotiates the terms of a mortgage loan. For more detailed information on this license type please proceed to the NMLS Resource Center.
License Requirements and Fees
Instructional Video
Mortgage Loan Originator MD License Renewal and Maintenance
This video highlights license renewal and maintenance for Maryland Mortgage Loan Originators. Keep your MLO license active and find answers to frequently asked questions with these tips from the Maryland Office of Financial Regulation.
Additional Information and Documents
- Mortgage Loan Originator FAQs
- Mortgage Loan Originator Instructional Video: Renewing and Maintaining Your Maryland License
- NMLS Mortgage Originator Test
- State-Specific Education Requirements
- Affidavit of Mortgage Originator Activity - New Applicant
- Affidavit of Mortgage Originator Activity - License Amendment or Return to Active Status
- 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)