+ $1.50 NMLS Credit Banking Fee
|Purpose:||1 hour state-specific online continuing education course for Maryland mortgage loan originators.|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > Maryland > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
1 hour state-specific online continuing education course for Maryland mortgage loan originators.
NMLS Course ID: 7899
NMLS Sponsor ID: 1400327
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 clock 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.
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.