Industry Advisories Issued Before the Current Calendar Year - Financial Regulation

2023 Advisories
2022 Advisories
2021 Advisories
2020 Advisories
2019 and Earlier Advisories
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*2023 ADVISORIES*
REGULATED ACTIVITY OR INDUSTRY	ISSUE DATE (mm/dd/yyyy)	ADVISORY TITLE	TYPE OF ADVISORY
all licensed financial service providers	11/21/2023	RENEWAL REMINDERS (Maryland)	guidance
mortgage servicing; debt collection; foreclosure	10/25/2023	Termination of the Homeowner Assistance Fund and Servicer Obligations	guidance
student loan servicing	10/03/2023	Guidance on the Student Financing Company Act	guidance
money transmission	09/28/2023	Notice of Reproposed Changes to Regulation: Money Transmitters	notice
mortgage lending	09/27/2023	Notice of Proposed Regulation: Mortgage Examination	notice
consumer lending	08/01/2023	Guidance on Earned Wage Access Products	guidance
consumer lending; mortgage lending	07/31/2023	Guidance on Residential Property Service Agreements	guidance
all licensed financial service providers	06/26/2023	Changes to Maryland Licensing Law Effective July 1, 2023	notice
money transmission	06/22/2023	Enforcement Actions by Maryland’s Attorney General: Potential Impact on Money Transmitter Licensure	guidance
consumer lending; mortgage lending	06/05/2023	Shared Appreciation Agreements – Interim Guidance	guidance
money transmission	02/28/2023	Notice of Proposed Changes to Regulation – Money Transmitters	notice
mortgage servicing; debt collection; foreclosure	01/05/2023	Notice of Final Action – Foreclosure Procedures for Residential Property – Changes Effective March 1, 2023	notice

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*2022 ADVISORIES*
REGULATED ACTIVITY OR INDUSTRY	ISSUE DATE (mm/dd/yyyy)	ADVISORY TITLE	TYPE OF ADVISORY
mortgage servicing; debt collection; foreclosure	12/29/2022	Maryland’s Homeowner Assistance Fund – Updated Guidance for Mortgage Servicers	guidance
all licensed or registered entities	12/15/2022	Act Now to Renew Your License for 2023	alert
depository institutions and non-depository trust companies	10/07/2022	Investigation of Financial Abuse and Financial Exploitation – Records Disclosure	notice
debt settlement service providers	10/06/2022	Notice to Student Loan Debt Settlement Service Providers – Disclosures and Prohibitions	notice
all licensed or registered entities	09/21/2022	Prepare to Renew Your License (for 2023)	alert
mortgage lending and servicing	06/21/2022	Notice of Final Action: Model Standards for Mortgage Servicers and Lenders	notice
mortgage lending and servicing; consumer lending; installment loans; sales financing; debt collection	05/12/2022	Notice to Lenders and Servicers: Court Decision on So-Called “Convenience Fees”	guidance
money services businesses	04/27/2022	Cyber Threat to Cryptocurrency Industry	alert
exempt collection agency registrants	04/08/2022	Exempt Collection Agency Registrants Transition of Registration to NMLS	alert
mortgage servicing; debt collection; foreclosure	02/07/2022 (corrected)	Maryland’s Homeowner Assistance Fund: FAQs for Mortgage Servicers (CORRECTED) (Issued jointly with the Maryland Department of Housing and Community Development)	guidance

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*2021 ADVISORIES*
REGULATED ACTIVITY OR INDUSTRY	ISSUE DATE (mm/dd/yyyy)	ADVISORY TITLE	TYPE OF ADVISORY
mortgage servicing; debt collection; foreclosure	12/27/2021	Notice to Servicers: Maryland Homeowner Assistance Fund Now Open	guidance
mortgage servicing; debt collection; foreclosure	11/2/2021	Notice to Servicers: Maryland Homeowner Assistance Fund to Open Soon	guidance
mortgage servicing	10/14/2021	Reminder to Servicers: Property Inspection Fees Generally Prohibited	guidance
state-licensed financial service providers	09/08/2021	Reminder: Elimination of Paper Licenses and Changes in Maryland License Numbers	notice
collection agencies and consumer credit reporting agencies	09/08/2021	Real Property: Reusable Tenant Screening Reports	guidance
state-chartered banks and credit unions; supervised financial institutions	09/08/2021	Financial Institutions – Security Questions and Measures (second advisory with additional guidance)	guidance
money transmission	09/08/2021	Financial Institutions – Money Transmission (second advisory with additional guidance)	guidance
consumer and installment loan lenders; mortgage lenders, brokers, originators; sales financing companies; state-chartered banks and credit unions	09/02/2021	Evaluation Rules and Alternative Methods of Determining Creditworthiness	guidance
state-licensed financial service providers	09/02/2021	State Examination System (SES) Enrollment Process for Licensees: Maryland to Commence Use of SES in September, 2021	notice
mortgage lenders and brokers	08/19/2021 (original issuance 07/28/2021)	Employment of Mortgage Loan Originators: W-2 Compensation not Mandated under Maryland Law and Dual Capacity in Real Estate Sales - REVISED	guidance
state-chartered banks and credit unions; supervised financial institutions	07/29/2021	Financial Institutions – Security Questions and Measures	guidance
state-licensed financial service providers	07/21/2021	Elimination of Paper Licenses and Changes in Maryland License Numbers	notice
money transmission	07/15/2021	Financial Institutions – Money Transmission	guidance
state-chartered banks and credit unions	07/01/2021	Income Tax – Subtraction Modification – First–Time Homebuyer Savings Accounts	notice
state-chartered credit unions	07/01/2021	Credit Union General Powers (Federal Parity)	guidance
Mortgage Servicing; Debt Collection; Foreclosure	06/28/2021	Termination of COVID-19 Executive Orders: Reopening of the Notice of Intent to Foreclose Electronic System	COVID-19 Related
Mortgage Servicing; Debt Collection; Foreclosure	04/28/2021	Amended Regulatory Guidance Regarding Foreclosures – NOI UPDATE	COVID-19 Related
Mortgage Servicing; Debt Collection; Foreclosure	03/29/2021	Amended Regulatory Guidance Regarding Foreclosures - Update *	COVID-19 Related
Mortgage Lending and Brokering	03/01/2021	Maryland Mortgage Broker Agreement: Proper Issuance and Compliance	Guidance
Mortgage Servicing; Debt Collection; Foreclosure	02/22/2021	Amended Regulatory Guidance Regarding Foreclosures *	COVID-19 Related
Banking and Credit Unions	02/17/2021	Maryland RELIEF Act of 2021 Payments	COVID-19 Related
Money Transmission	01/29/2021	State Examination System (SES) Information: Communication to Maryland Money Transmission Licensees	Notice
Mortgage Servicing; Debt Collection; Foreclosure	01/28/2021	Regulatory Guidance Regarding Foreclosures *	COVID-19 Related
General (All)	01/22/2021	Emergency Regulations for State-Regulated Entities: Permitting Remote Work for Employees at Certain Locations	Notice
Consumer and Credit Reporting	01/22/2021	Credit Reporting Agencies Registration Requirements and Compliance Procedures	Guidance

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*2020 ADVISORIES*
REGULATED ACTIVITY OR INDUSTRY	ISSUE DATE (mm/dd/yyyy)	ADVISORY TITLE	TYPE OF ADVISORY
Mortgage Servicing; Debt Collection; Foreclosure	12/18/2020	NEW Foreclosure Update: Executive Order 20-12-17-02 Issued By Governor Hogan *	COVID-19 Related
Mortgage Servicing; Debt Collection; Foreclosure; Lending (All)	12/18/2020	Governor Hogan’s Executive Order Number 20-12-17-02: Interpretational Guidance Regarding Foreclosure and Repossession	COVID-19 Related
Mortgage Servicing; Debt Collection; Foreclosure; Lending (All)	11/09/2020	Governor Hogan’s Executive Order Number 2020-10-16-01: FAQs Regarding Foreclosure and Repossession *	COVID-19 Related
Debt Collection; Lending (All)	11/04/2020	Fair Debt Collection Practices Act: New Federal Rule	Notice
Consumer and Credit Reporting	10/21/2020	Consumer Reporting Agencies: Surety Bonds and Transition of Registration to NMLS	Notice
Mortgage Servicing; Debt Collection; Foreclosure	10/16/2020	Foreclosure Update: New Executive Order Issued By Governor Hogan *	COVID-19 Related
Lending (All)	10/16/2020	Repossessions Update: New Executive Order Issued By Governor Hogan *	COVID-19 Related
Debt Collection	09/21/2020	Debt Collection: Exemptions from Attachment and Execution (New Law Effective October 1, 2020)	Notice
Consumer and Credit Reporting	09/15/2020	Transition of Consumer Reporting Agency Registration to NMLS	Notice
Consumer Lending; Mortgage (All); Credit Services	09/11/2020	Consumer Protections for Mobile Home Purchasers	Notice
Mortgage Lending, Servicing and Brokering	08/19/2020	State Examination System (SES) for Mortgage Licensees: Maryland to Commence use of SES in September 2020	Notice
State-Chartered Banks	08/07/2020	Financial Institutions Parity or the “Wildcard” Statute	Guidance
Non-depository Financial Services	07/15/2020	Information on Identification Requirements for Customers of Non-Depository Financial Services Providers: Maryland Extended Deadline for License Renewals	COVID-19 Related
Depository Institutions	07/15/2020	Information on Identification Requirements for Customers of Depository Institutions: Maryland Extended Deadline for License Renewals	COVID-19 Related
Consumer Lending; Installment Lending	07/13/2020	Sale of Loan Accounts by Consumer Loan Licensees: Clarification	Guidance
Mortgage Lending, Brokering and Origination	05/20/2020	Bond Coverage for Mortgage Loan Originators Employed by Exempt Mortgage Company Registrants	Guidance
Student Loan Servicing; Debt Collection; Consumer and Credit Reporting	05/18/2020	Student Loan Servicers and Credit Reporting Agency Registrants: Furnishing of Inaccurate Student Loan Information during COVID-19	COVID-19 Related
Debt Collection	05/11/2020	Collection Agencies Ceasing Activity	COVID-19 Related
Debt Collection	05/11/2020	Debt Purchasers: Certain Licensing Standards for Collections and Operations	Guidance
Non-depository Financial Services; Depository Institutions	05/04/2020	Interpretive Guidance from the Governor’s Office of Legal Counsel Regarding Garnishment of CARES Act Recovery Rebates (ISSUED BY THE GOVERNOR’S OFFICE)	COVID-19 Related
Non-depository Financial Services	04/30/2020	CARES Act Relief Payments: COVID-19 Pandemic Guidance for Non-Depository Financial Services Providers	COVID-19 Related
Depository Institutions	04/30/2020 REVISED	CARES Act Relief Payments: COVID-19 Pandemic Guidance for Depository Institutions	COVID-19 Related
Depository Institutions	04/17/2020	Legal Lending Limit: COVID-19 Pandemic Guidance	COVID-19 Related
Mortgage Servicing; Debt Collection; Foreclosure	04/06/2020	Executive Order Regarding Notices of Intent to Foreclose *	COVID-19 Related
Lending (All)	04/06/2020	Executive Order Regarding Repossessions *	COVID-19 Related
Mortgage Lending, Brokering and Origination	03/31/2020	Executive Order Authorizes Remote Notarization: Mortgage Lenders Encouraged To Implement Remote Closings	COVID-19 Related
General (All)	03/27/2020	Guidance Regarding Consumer Credit: Borrowers Impacted by the COVID-19 Health Emergency	COVID-19 Related
Mortgage Lending and Servicing; Debt Collection	03/24/2020	Guidance to Mortgage Servicers: Borrowers Impacted by the COVID-19 Health Emergency	COVID-19 Related
Depository Institutions	03/19/2020	Statement on Financial Institutions Working with Customers Affected by the Coronavirus	COVID-19 Related
Mortgage Servicing; Debt Collection; foreclosure	03/19/2020	Coronavirus/COVID-19 Information: Foreclosure of Residential Property Stayed	COVID-19 Related
Mortgage Lending, Brokering and Servicing	03/13/2020	Coronavirus/COVID-19 Information: Emergency and Disaster Preparation for Maryland Licensed Mortgage Brokers, Lenders and Servicers	COVID-19 Related

* Amended and/or restated by a subsequent advisory.

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*2019 AND EARLIER ADVISORIES*
REGULATED ACTIVITY OR INDUSTRY	ISSUE DATE (mm/dd/yyyy)	ADVISORY TITLE	TYPE OF ADVISORY
State-chartered Institutions	02/27/2019	Office of the Commissioner of Financial Regulation - Emergency Preparedness Guide for Maryland-Chartered Banks, Credit Unions, and Trust Companies - January 4, 2012 (Updated 02-27-2019)	Guidance
Mortgage Lending and Brokering	02/16/2018	Regulatory Alert: Finder's Fee Guidance for Brokers	Guidance
Mortgage (All)	10/25/2017	Property Insurance Coverage Limits Under Maryland Law.	Guidance
Mortgage Servicing	10/18/2017	Commercial Law Article, §13-316(B): Maryland Mortgage Servicing Transfer Notice Requirements	Guidance
Consumer Lending; Installment Lending	08/31/2017	Vehicle Title Loans in Maryland are Subject to Consumer Lending Laws	Guidance
Mortgage (All); money transmission; debt management	08/17/2016	Disclosure of Examination Information by Regulated Entities	Guidance
Check Cashing	06/29/2016	Check Cashing Services Advisory on Bank Imposed Fees	Guidance
Mortgage (All)	09/28/2015	Advisory: Guidelines for Compliance with State and Federal Requirements to Provide Housing Counseling Information for Borrowers	Guidance
Mortgage Servicing; Debt Collection; Foreclosure	04/08/2015	Advisory: Court of Special Appeals Clarifies Notice of Intent to Foreclose Requirement in Reported Case	Guidance
Non-depository Financial Services	03/28/2014	Advisory: Maryland Definition: Qualifying Individual	Guidance
Mortgage Lending and Servicing	01/07/2014	Advisory: Property Preservation – Nonjudicial Evictions	Guidance
State-chartered Banks	01/16/2013	Wildcard Lending Limit - This Declaratory Ruling Addresses State-chartered Banks' Lending Limits	Guidance
Credit Services; Foreclosure	09/16/2013	Advisory: Guidance For Real Estate Licensees in Short Sales Transactions	Guidance
Debt Collection	05/05/2010	Advisory Regarding Licensure of Debt Purchasers - Advisory 5-10 (Word)	Guidance
Consumer Lending; Debt Collection	07/20/2009	Unlicensed Consumer Loan and Prohibited "Payday" Loan Collection Activity (Word)	Guidance
Mortgage Lending and Brokering	08/05/2005	Mortgage Brokers 05-06 (Word)	Guidance

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