Continuing Education

Maryland Requirements

Regulated By:

Maryland Commissioner of Financial Regulation

Address:

Office of the Commissioner of Financial Regulation
500 North Calvert Street, Suite 402 
Baltimore, Maryland 21202

Phone/Fax Numbers:

(410) 230-6100, (888) 784-0136 / 410-333-0475

Website Address:

http://www.dllr.state.md.us/finance/

Please Note: The contents contained on this web page are for informational purposes only. State requirements often change. Please visit your state web site for the most up-to-date information. This information should not be interpreted as legal advice.

 

Affiliated Insurance Producer-Mortgage Loan Originators

Application Type:

License

Application Fee:

$830 (includes initial license fee, investigation fee, and NMLS processing fee)

Initial Education 
and/or Experience:

20 Hours NMLS Approved Pre-Licensing Education (Including 5 hrs. MD Specific Content) and Sponsorship by a Licensed MD Entity

Testing:

A Score of 75% on National and MD Test Components

CE Requirement:

8 Hours NMLS Approved CE, Annually (Including 1 hr. MD Specific Content)

CE Deadline:

December 31st

Surety Bond:

$50,000 - $150,000 or Covered by Employer's Blanket Surety Bond of $1 Million

Finger Prints /
Criminal Background:

Yes/Yes

Net Worth:

N/A

Credit Report:

Yes

Renewals:

December 31st

 

Mortgage Loan Originators

Application Type:

License

Application Fee:

$409 (includes licensing fee, NMLS processing fee, and investigation fee)

Initial Education 
and/or Experience:

20 Hours NMLS Approved Pre-Licensing Education (Including 5 hrs. MD Specific Content) and Sponsorship by a Licensed MD Enitity

Testing:

A Score of 75% on National and MD Test Components

CE Requirement:

8 Hours NMLS Approved CE, Annually (Including 1 hr. MD Specific Content)

CE Deadline:

December 31st

Surety Bond:

Covered by Employer's Surety Bond

Finger Prints /
Criminal Background:

Yes/Yes

Net Worth:

N/A

Credit Report:

Yes

Renewals:

December 31st

 

Revision Date: 5/12/11. Information provided from Training Pro/Oncourse Learning, http://www.trainingpro.com