IF YOU ALREADY TRANSITIONED AND ARE CURRENTLY LICENSED IN MD ON NMLS THROUGH 2010, SEE REMINDERS BELOW TO RENEW FOR 2011
- After you transitioned, you received a license that expires on December 31, 2010. Starting November 1, 2010, the NMLS renewal window opened. Renewal of your license can only be done through the NMLS. Please renew your license on the NMLS so that you may continue to conduct business in 2011. However, before you can renew for 2011, you must have completed your transition to NMLS.
- Please also note: *Prior to the renewal of your license for the 2011 licensing period, you must have completed ALL the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE) requirements, including 20 hours of prelicensing education, passage of both the national and Maryland specific tests, completion of a federal criminal background check by submission of fingerprints via NMLS, completion of the credit report authorization via NMLS and submission of explanations and applicable supporting documentation for any negative items on the criminal background check, credit report and/or application disclosure questions.
IF YOU HAVE NOT TRANSITIONED, PLEASE SEE REMINDERS BELOW TO RENEW FOR 2011
- If you have not already transitioned your license, please do so as soon as possible. Click here to go to the NMLS to start the process to transition.
- After you transition your license, your new license will expire December 31, 2010. Starting November 1, 2010 the NMLS renewal window opened. Renewal of your license can only be done through the NMLS. Please renew your license on the NMLS so that you may continue to conduct business in 2011. However, before you can renew for 2011, you must have completed your transition to NMLS.
MLOs must meet new standards of the SAFE Act including prelicensure education, criminal background check, credit report check, and testing (both National and State). You may view these requirements on the MLO Transitioning Checklist at the NMLS website.
MLs must satisfy, among other requirements, the minimum net worth requirement, bond requirement, etc. You may view all the requirements on the ML Transitioning Checklist at the NMLS website.
|Continuing Education Requirements for MLOs, AIP MLOs and MLs for 2010 and 2011|
Continuing Education (CE) is the education required to be completed prior to the renewal of the ML, MLO, and AIP-MLO licenses. SAFE requires 8 hours of continuing education to be completed each year prior to renewal. Some states may require more than the designated 8 hours or require a certain number of hours with state content. Please see Maryland's required CE for MLOs/AIP-MLOs for details.
Also please see Maryland's required CE for Mortgage Lenders/Brokers for details.
I have a Maryland mortgage loan originator (MLO) license, what CE requirements will I have during 2010?
Answer - If you have a Maryland MLO license, this Agency will NOT require the completion of CE in 2010 as a condition of your eligibility for the 2011 Maryland MLO license. However, if you are licensed in multiple states, other states may require that you complete CE in 2010 as a condition of your eligibility for the 2011 MLO license in that State.
I have a Maryland mortgage lender (ML) license, what CE requirements will I have during 2010?
Answer - Prior to the renewal of a Maryland Mortgage Lender license in 2010 for the 2011 licensing period, the licensee's covered employees (i.e., a manager of a location licensed by the Commissioner of Financial Regulation) must complete at least eight (8) hours of continuing education. In some cases, that manager may also be an MLO, but the CE must be completed so that the mortgage lender licensee is compliant.
|If you have any questions you may contact Anne E. Ecker, Director of Licensing at 410-230-6102 or Keisha Whitehall Wolfe, Supervisor of Licensing at 410-230-6362.|
Department of Labor, Licensing and Regulation, Office of the Commissioner of Financial Regulation, 500 N. Calvert Street, Suite 402 - Baltimore, Maryland 21202-3651 - (410) 230-6155If you would like to subscribe to our newsletter, please enter your e-mail below.