This Course Includes:
- OIL – 5 Hour Online MD SAFE PE – Maryland State Law (1701)
This course covers Maryland Law relevant to Mortgage Loan Originators (MLOs). During this 5-hour pre-licensing course, we will discuss several laws including: Maryland Administrative Code; Subtitle 5-Maryland Mortgage Lender Law; Title 6-Maryland Mortgage Originator Law; Title 12-Commercial Law; and Maryland’s Finders’ Fee Law.
Throughout the training, we will emphasize compliance requirements and the repercussions of non-compliance to both Federal and State lending laws through the various disciplinary actions afforded the Department of Labor, Licensing and Regulation, Division of Financial Regulation, which is the state regulator of Maryland’s mortgage industry.
Online Instructor Led (“OIL”). This education is delivered in the Online Instructor Led format as required by the NMLS for online Pre-Licensure (“PE”) education. It is available on our website through any internet connection.
Important NMLS specifications include:
• Defined start and end dates (See Course Calendar at top of page).
• Interaction with the instructor and students through forum activities
• Progression as a cohort. At times you will wait for instructor feedback before continuing.
(Note: This is not an “Self-Study” course and does not allow for study at any pace or without instructor/classmate interaction)
The course is divided into six sections, including:
A. State of Maryland department of labor, licensing and Regulation, division
B. State law and regulation definitions
C. License law and regulation
E. Disciplinary action
F. Maryland Finders’ fee law
Upon successful completion of this course you will have a strong understanding of several of the laws and regulations specific to mortgage loan originators and lenders in the state of Maryland. You will also have a good background of information for taking the Maryland State Exam.