Maryland Statutes
Title 11 - Consumer Credit
Subtitle 5 - Maryland Mortgage Lender Law

Section 11-501 - Definitions - (a) In this subtitle the following words have the meanings...

Section 11-502 - Applicability - (a) In this section, “affiliate” means any company that controls,...

Section 11-503 - Rules and Regulations - The Commissioner may adopt rules and regulations to carry out...

Section 11-503.1 - Fee Regulations - (a) The Commissioner shall set by regulation the fees provided...

Section 11-503.2 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds - (a) All revenue received for the licensing of persons under...

Section 11-504 - License or Registration Requirement - A person may not act as a mortgage lender unless...

Section 11-505 - Licenses and Licensees Generally - (a) A license issued under this subtitle authorizes the licensee...

Section 11-506 - Qualifications for License - (a) To qualify for a license, an applicant shall satisfy...

Section 11-506.1 - Exemptions From License Requirement; Fingerprinting - (a) This section does not apply to any corporation the...

Section 11-507 - Applications for Licenses - (a) (1) To apply for a license, an applicant shall:...

Section 11-508 - Surety Bonds - (a) With the application for a new license, an applicant...

Section 11-508.1 - Lender Net Worth Requirements - (a) An applicant for a new license or for the...

Section 11-509 - Investigation of Applicant; Issuance of License - (a) When an applicant for a license files the application...

Section 11-510 - Denial of License - (a) If an applicant does not meet the requirements of...

Section 11-511 - Term and Renewal of Licenses - (a) Subject to any regulations the Commissioner adopts in connection...

Section 11-511.1 - Continuing Education - (a) By July 1, 2000, the Commissioner shall adopt regulations...

Section 11-512 - Change of Place of Business; Change in Control - (a) (1) A licensee may not change the place of...

Section 11-512.1 - Information Posted by Licensee at Licensed Location and on Website -- Exclusion - (a) Each licensee shall conspicuously post, in 48 point or...

Section 11-513 - Books and Records - (a) Each licensee shall keep and make available to the...

Section 11-513.1 - Quarterly Call Reports - (a) A licensee shall submit to NMLS a call report...

Section 11-514 - Surrender of License - (a) A licensee may surrender a license through NMLS in...

Section 11-515 - Investigatory Powers and Duties of Commissioner; Complaints - (a) (1) The Commissioner shall examine the business of each...

Section 11-516 - Order to Stop Doing Business - (a) If the Commissioner finds that the conduct of any...

Section 11-517 - Suspension or Revocation of License; Enforcement of Subtitle, Regulations, etc.; Employment of Mortgage Originators - (a) Subject to the hearing provisions of § 11-518 of...

Section 11-518 - Hearings - (a) Before the Commissioner takes any action under § 11-516...

Section 11-519 - Reinstatement of Suspended License; Issuance of New License After Revocation - The Commissioner may reinstate a suspended license or issue a...

Section 11-520 - Trade Names - A mortgage lender may not do business under any trade...

Section 11-521 - Independent Evidence of Commercial Purpose - (a) A mortgage lender shall require a borrower to provide...

Section 11-523 - Penalties - (a) Any person who willfully violates any provision of this...

Section 11-524 - Short Title - This subtitle may be cited as the Maryland Mortgage Lender...