2013 Regular Session



Commissioner of Financial Regulation - Regulation of Mortgage Lenders, Mortgage Loan Originators, and Money Transmitters - Revisions

Sponsored by:

Chair, Economic Matters Committee


In the House - Hearing 3/20 at 1:00 p.m.

Synopsis:Requiring a separate license for the principal executive office and each branch office of an applicant for a mortgage lender license and a mortgage lender licensee; requiring an applicant for a mortgage lender license or a license renewal to apply through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring each applicant for a mortgage lender license to obtain a unique identifier from NMLS; authorizing the Commissioner of Financial Regulation to keep a specified license fee under specified circumstances; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Chair, Economic Matters Committee (By Request - Departmental - Labor, Licensing and Regulation)
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
By Request of the Governor
Economic Matters  View Committee Hearing
Broad Subject(s):Financial Institutions
Narrow Subject(s):Agents and Brokers
Bonds -see also- County & Baltimore City Bonds; State Bonds
Education -see also- Driver Ed; Higher Ed; Special Ed; etc
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Loans -see also- Mortgages
Statutes:Article - Financial Institutions
(11-501, 11-505, 11-506.1, 11-507, 11-509, 11-510, 11-511, 11-512, 11-513, 11-513.1, 11-514, 11-601, 11-602, 11-603, 11-603.1, 11-604, 11-606, 11-606.1, 11-609, 11-612, 11-620, 11-621, 11-622, 12-401, 12-405, 12-407, 12-408, 12-408.1, 12-410, 12-411, 12-412, 12-415, 12-416, 12-430.1)

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October 24, 2017 1:06 P.M.