Industry Advisories - Notice Regarding Recent Assessment Invoices for Mortgage Lender Licensees - Financial Regulation

June 2, 2026

The Office of Financial Regulation (OFR) discovered a typographical error in the description of the formula used to calculate the assessment of Maryland mortgage lender licensees and seeks to assure licensees that this error does not change the assessment amounts.

The formula description referred to “the total dollar amount you provided on MD MCR line AC990 for each quarter of 2024”(emphasis added). The reference to 2024 was incorrect. The correct statement for this portion of the assessment methodology is, “the total dollar amount you provided on MD MCR line AC990 for each quarter of 2025.”

The typo did not affect any calculations related to the assessment amounts, which are accurate and based on 2025 data. OFR apologizes for any confusion this may have caused.

Contact

For questions regarding this advisory, please contact Clifford Charland at [email protected].