1 Hour MD SAFE: Maryland Mortgage Continuing Education

​​​​​​​The Office of the Commissioner of Financial Regulations (the "Office") requires Maryland mortgage licensees to take a 1-hour course on Maryland-specific regulations as part of their annual continuing education requirement to maintain their license.

This 1-hour course will explain many of the Maryland state laws that are enforced by the Office and must be followed by those working in the lending industry.

The first module of this course will start by reviewing a variety of acts and regulations such as the Secondary Mortgage Loan Law (SMLL) and Maryland Mortgage Fraud Protection Act (MMFPA). The second module will outline the mediation rules that must be followed for borrowers who are in default, and the last module will summarize mortgage contract rules.

Topics and Learning Objectives

This course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:

1. Maryland Specific Mortgage Laws
2. Foreclosure Mediation Rules
3. Mortgage Loan Negotiations and Contracts Rules
4. Final Exam

Total study time: 1 credit hour (50 minutes)

This course will prepare Maryland-licensed MLOs to:

• Summarize the purpose of the Secondary Mortgage Loan Law (SMLL), the Financing Agreements Law, the reverse mortgage law, and the Maryland Mortgage Fraud Protection Act (MMFPA).

• Understand the penalties for violating the Financing Agreements Law, reverse mortgage regulations, and the MMFPA.

• List the steps necessary to offer law-required foreclosure mediation options to a borrower facing mortgage default.

• Recognize the borrower protection requirements that must be followed when negotiating mortgage loans.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

• Login into NMLS
• Click on the Composite View tab.
• Click View Individual on the sub-header row.
• The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.