1 Hour MD SAFE: Maryland Mortgage Regulations
1 hour state-specific online continuing education course for Maryland mortgage loan originators.
All learning is online. Start immediately. Learn on your own schedule.
Read-along audio plays the course text back to you.
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
The Office of the Commissioner of Financial Regulations (the "Office") under the Maryland Department of Labor is the agency tasked with regulating the licensing of mortgage lenders, brokers, and loan originators. The Office's goal is to protect the consumers of Maryland by outlining the laws and rules for those who work in the financial industry. 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.
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for Maryland licensed mortgage loan originators. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. Certain states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs.
This course is new for 2021 and meets the SAFE Act's "successive years" rule.
+ $1.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > Maryland > CE Elective|
|Purpose:||1 hour state-specific online continuing education course for Maryland mortgage loan originators.|
|Features:||Online Text, Online Audio, Printable Certificate, PDF eBook|
NMLS Course Provider ID: 1400327
Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:
NMLS Course ID: 12763
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
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 the state's usury laws, which limits the amount of interest that can be charged to a borrower.
We'll then review a variety of acts and regulations such as the Secondary Mortgage Loan Law (SMLL) and Maryland Mortgage Fraud Protection Act (MMFPA).
The third 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.
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:
Total study time: 1 credit hour
This course will prepare Maryland-licensed MLOs to:
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:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.
This course will remain available to students for 365 days after enrollment.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.