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[Continuing Education (CE) Requirements]
[Maryland Office of Financial Regulation]
[Class Schedule]
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To enroll for a classroom class
Check the approval/credit type of each class in the schedule to verify that it's specifically approved for Mortgage Originators. For example, classes marked "L" or "MD Mortgage Originator Mandatory Req." are approved for Mortgage Originators.
| Approval Type |
| Name |
Description |
| L |
Approved for both Agents and Mortgage Originators. |
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| Name |
Description |
| MD Mortgage Originator Mandatory Req. |
Satisfies MD Mortgage Originator mandatory requirement |
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CONTINUING EDUCATION REQUIREMENTS
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All "covered" employees defined as the manager of each branch office maintained by a licensee and all employees who have the authority to accept loan applications, and as part of their official duties, directly contact borrowers to negotiate or advise regarding loan terms must satisfy the continuing education requirements during each licensing period.
NOTE: "Covered" employee does not include an employee who has been employed by the licensee for less than six months before the expiration of the licensee's current license, and has no prior experience as a covered employee with any other licensee.
REQUIRED COURSES
In order to renew a license each covered employee of a licensee shall successfully complete in the licensing period immediately preceding the current renewal period at least 20 hours of continuing education in approved courses, which shall include at least the following subjects in the number of hours indicated.
- Ethics—2 hours
- Federal Real Estate Settlement Procedures Act (RESPA) compliance—2 hours
- Federal Truth in Lending compliance—2 hours
- Federal Equal Credit Opportunity Act/Fair Lending compliance—2 hours
- Maryland law update—2 hours
- Federal law update—2 hours
- Electives—8 hours
An employee who has been a covered employee with any licensee for the immediately preceding 10 years shall be considered to have satisfied the continuing education requirements by completing, during the immediately preceding licensing period, approved courses in the following subjects in the number of hours indicated.
- Ethics—2 hours
- Maryland law update—2 hours
- Federal law update—2 hour
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Maryland Office of Financial Regulation
Department of Labor, Licensing and Regulation
Commissioner of Financial Regulation
500 North Culvert Street, Suite 402, Baltimore, MD 21202
Hours of Operation: 8:30 a.m. to 5:00 p.m.,
Monday through Friday, excluding holidays.
Telephone Number: (410) 230-6100
Fax Numbers: (410) 333-3866 or (410) 333-0475
E-mail Address: fine@dllr.state.md.us
http://www.dllr.state.md.us/finance/
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