5 Hour MD SAFE: Maryland Mortgage Lending Laws

​​​​​​​This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Maryland under the Commissioner of the Office of Financial Regulation (OFR), part of the Maryland Department of Labor, Licensing and Regulation (DLLR). This 5-hour course covers state-specific rules and regulations in Maryland, and is required as part of the 20 hours of prelicensure education needed to become a Maryland licensed mortgage loan originator. 

Topics and Learning Objectives

This course consists of four modules and a final exam:

• Module 1: Introduction to Maryland Mortgage Law

• Module 2: Mortgage Loan Originators

• Module 3: Mortgage Lenders

• Module 4: Additional Maryland Laws

• Final Exam 

Total study time: 5 credit hours (250 minutes)

Learning Objectives

At the end of this course, you will be able to:

• Identify the government entity that issues mortgage licenses in Maryland.
• Define specific mortgage-related legal terms.
• Identify who needs a mortgage license and who is exempt.
• List items required on a mortgage license application.
• List education requirements and mark important dates on your calendar.
• Identify potential law violations that may result in suspension of license or fines.
• Identify which entities need a lender license and which are exempt.
• List basic duties that all lenders must maintain.
• Cite differences between MLO and Lender law requirements for education.
• List required items for a lender license application.
• Identify the main concepts of various Maryland lending laws.
• Identify specific regulations and prohibited actions that directly affect mortgage business.

NMLS ID Required

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:

• Login into NMLS,
• Click on the Composite View tab, then
• Click View Individual on the sub-header row.
• The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center