State offices and all DLLR physical locations will be closed to the public May 24th through May 27th,
2013.
However, Unemployment Insurance telephone and Web operations WILL be available on Friday, May 24th.
Office of the Commissioner of Financial Regulation
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Mortgage Loan Originator Pre-Licensing Education
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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
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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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