Maryland Financial Institutions Section 11-603

      (a)      A license issued under this subtitle authorizes the licensee to act as a mortgage originator only when acting within the scope of employment with a mortgage lender.

      (b)      A licensee may not:

            (1)      Maintain more than one license under this subtitle; or

            (2)      Be employed by more than one mortgage lender.

      (c)      (1)      The Commissioner shall include on each license:

                  (i)      The name of the licensee; and

                  (ii)      The name of the licensee's employer.

            (2)      Unless the licensee notifies the Commissioner in writing in advance of a change in the licensee's name or the licensee's employer and pays to the Commissioner a license amendment fee of $75 for each notice provided under this paragraph, an individual may not act as a mortgage originator under a name or for an employer that is different from the name and employer that appear on the license.

      (d)      A license may be issued under this subtitle to an individual who is employed by a mortgage lender that has its principal office located outside the State if the mortgage lender maintains:

            (1)      A resident agent within the State; and

            (2)      An office within the State staffed by at least one employee authorized to originate mortgage loans.

      (e)      Notwithstanding paragraph (d)(2) of this section, a mortgage lender is not required to maintain an office in this State if the laws of the state in which its principal office is located authorize a mortgage lender from this State to engage in mortgage lending without maintaining an office in that state.