Maryland Financial Institutions Section 11-606

Article - Financial Institutions

§ 11-606.

      (a)      (1)      To apply for a license, an applicant shall complete, sign, and submit to the Commissioner an application made under oath on the form that the Commissioner requires.

            (2)      The applicant shall comply with all conditions and provisions of the application for a license.

            (3)      The application shall include:

                  (i)      The applicant's name, Social Security number, business address and telephone number, residence address, residence telephone number, and electronic mail address;

                  (ii)      The business name, business address, and telephone number of the applicant's employer or prospective employer;

                  (iii)      The applicant's resume or work experience, including the names and addresses of previous employers and a description of each job or position held by the applicant with previous employers;

                  (iv)      A written statement by the applicant's present or prospective employer that the applicant has been approved for employment as a mortgage originator;

                  (v)      A written statement disclosing whether the applicant has been convicted of, pleaded guilty to, or pleaded nolo contendere to a felony or misdemeanor, except minor traffic offenses, within the preceding 10 years, a description of the nature and disposition of any disclosed criminal proceeding, and the name of the court where the proceeding took place; and

                  (vi)      A written statement disclosing whether the Commissioner, or any other regulatory authority in the State or any other jurisdiction that governs the mortgage lending or mortgage loan origination business, with respect to the applicant or an entity in which the applicant has or had any ownership interest, has:

                        1.      Denied an application for a license;

                        2.      Revoked or suspended a license; or

                        3.      Imposed any other formal order or regulatory sanction.

      (b)      With each application, the applicant shall pay to the Commissioner:

            (1)      A nonrefundable investigation fee of $100; and

            (2)      A license fee of $300.

      (c)      (1)      In connection with an application for a license under this section, and at any other time that the Commissioner requests, an applicant or licensee shall provide fingerprints for use by the Federal Bureau of Investigation and the Criminal Justice Information System Central Repository of the Department of Public Safety and Correctional Services to conduct criminal history records checks.

            (2)      An applicant or licensee required to provide fingerprints under this subsection shall pay any processing or other fees required by the Federal Bureau of Investigation or the Criminal Justice Information System Central Repository of the Department of Public Safety and Correctional Services.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.