Office of the Commissioner of Financial Regulation

Effective July 1, 2009, the pre-licensing education requirement has been reduced from 40 hours to 20 hours and applies to all mortgage loan originators regardless of experience.

The requirements for mortgage 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

PROVIDERS AND COURSES FOR USE ON OR AFTER JANUARY 1, 2010 FOR PRE-LICENSING EDUCATION

EFFECTIVE JANUARY 1, 2010, PRE-LICENSING COURSES AND PROVIDERS MUST BE APPROVED BY THE NMLS. MARYLAND IS NO LONGER APPROVING PRE-LICENSING COURSES OR PROVIDERS.

FOR THOSE NEEDING TO COMPLETE PRE-LICENSING EDUCATION, THE REQUIREMENTS AND A LIST OF NMLS APPROVED COURSES AND PROVIDERS CAN BE FOUND ON THE NMLS website.

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Questions or comments regarding the Commissioner of Financial Regulation may be directed to finreg@dllr.state.md.us.
Questions or comments regarding the DLLR website may be directed to webmaster@dllr.state.md.us.