reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  11-602 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-602 - General Consideration

    (a)    (1)    The licensing provisions of this subtitle do not apply to independent contractors.        (2)    Independent contractors are subject to the licensing provisions of Subtitle 5 of this title unless exempt from licensing under that subtitle.    (b)    Unless exempted from this subtitle under subsection (d) of this section, an individual may not engage in the business of a mortgage loan originator unless the individual holds a valid license issued under this subtitle.    (c)    Each licensee shall obtain and maintain a valid unique identifier issued by the Nationwide Mortgage Licensing System and Registry:        (1)    On obtaining an initial or renewal license on or after July 1, 2009; or        (2)    If the Commissioner has not joined the Nationwide Mortgage Licensing System and Registry as of July 1, 2009, on or after the date that the Commissioner joins, as instructed by the Commissioner by notice to the licensee.    (d)    The following individuals are exempt from this subtitle:        (1)    A registered mortgage loan originator, when acting for an entity described in § 11–601(w) of this subtitle;        (2)    An individual who offers or negotiates the terms of a mortgage loan with or on behalf of an immediate family member of the individual;        (3)    An individual who offers or negotiates the terms of a mortgage loan secured by a dwelling that served as the individual’s residence;        (4)    A licensed attorney who negotiates the terms of a mortgage loan on behalf of a client as an ancillary matter to the attorney’s representation of the client, unless the attorney is compensated by a mortgage lender, a mortgage broker, or a mortgage loan originator, or by an agent of a mortgage lender, mortgage broker, or mortgage loan originator; and        (5)    Subject to subsection (e) of this section, an individual loan servicer.    (e)    The exemption under subsection (d)(5) of this section is subject to modification by regulations that are adopted by the Commissioner and consistent with any applicable written interpretations of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 by the United States Department of Housing and Urban Development presented through commentaries, guidelines, rules, regulations, or interpretive letters.    (f)    The Commissioner may adopt regulations to carry out this subtitle.
MD. Financial Institutions Code Ann. §  11-605 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-605 - Qualifications for License

    (a)    The Commissioner may not issue a mortgage loan originator license unless the Commissioner makes, at a minimum, the following findings:        (1)    The applicant has never had a mortgage loan originator license revoked in any governmental jurisdiction;        (2)    The applicant has not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign, or military court:            (i)    During the 7–year period immediately preceding the date of the application for licensing; or            (ii)    At any time preceding the date of application, if the felony involved an act of fraud, dishonesty, a breach of trust, or money laundering;        (3)    The applicant has demonstrated financial responsibility, character, and general fitness sufficient to command the confidence of the community and to warrant a determination that the mortgage loan originator will operate honestly, fairly, and efficiently;        (4)    The applicant has completed the prelicensing education requirement under § 11–606 of this subtitle and any prelicensing education requirements established by the Commissioner by regulation;        (5)    The applicant has passed a test that meets the requirements established under § 11–606.1 of this subtitle and any prelicensing testing requirements established by the Commissioner by regulation; and        (6)    The applicant has met the surety bond requirement under § 11–619 of this subtitle.    (b)    A conviction for which a pardon has been granted is not a conviction for purposes of subsection (a)(2) of this section.    (c)    A determination that an individual does not meet the requirements for financial responsibility under subsection (a)(3) of this section may not be based solely on:        (1)    Debts arising from medical expenses, including judgments;        (2)    Except for delinquent child support payments, debts, including judgments, arising from divorce proceedings or divorce settlements;        (3)    Foreclosures on the applicant’s principal residence;        (4)    The applicant’s credit score as reported by any consumer reporting agency, as defined in 15 U.S.C. § 1681a; or        (5)    The applicant’s involvement in a bankruptcy proceeding under Title 11 of the United States Code.
MD. Financial Institutions Code Ann. §  11-606 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-606 - Prelicensing Education Courses

    (a)    To qualify for an initial license, an applicant shall complete at least 20 hours of prelicensing education that shall include:        (1)    3 hours of instruction on federal law and regulations relating to mortgage origination;        (2)    3 hours of instruction on ethics, including instruction on fraud, consumer protection, and fair lending issues; and        (3)    2 hours of training related to lending standards and loan terms for nontraditional mortgage products.    (b)    (1)    All prelicensing education courses shall be reviewed and approved by the Nationwide Mortgage Licensing System and Registry.        (2)    Review and approval of a prelicensing education course shall include review and approval of the course provider by the Nationwide Mortgage Licensing System and Registry.    (c)    Prelicensing education may be offered in a classroom, online, or by any other means approved by the Nationwide Mortgage Licensing System and Registry.    (d)    An applicant’s successful completion in another state of the prelicensing education requirements approved by the Nationwide Mortgage Licensing System and Registry, except prelicensing education requirements specific to that other state, shall be accepted by the Commissioner as credit toward completion of prelicensing education requirements in this State.    (e)    This section does not preclude any prelicensing education course, as approved by the Nationwide Mortgage Licensing System and Registry, that is provided by the employer of the applicant or an entity that is affiliated with the applicant by an agency contract, or any subsidiary or affiliate of the employer or entity.
MD. Financial Institutions Code Ann. §  11-606.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-606.1 - Written Tests

    (a)    To qualify for an initial license, an applicant shall pass a qualified written test developed by the Nationwide Mortgage Licensing System and Registry and administered by a test provider approved by the Nationwide Mortgage Licensing System and Registry.    (b)    A written test may not be treated as a qualified written test for purposes of subsection (a) of this section unless the test adequately measures the applicant’s knowledge and comprehension in appropriate subject areas, including:        (1)    Ethics;        (2)    Federal law and regulations relating to mortgage origination;        (3)    State law and regulations relating to mortgage origination; and        (4)    Federal and State law and regulations relating to fraud, consumer protection, the nontraditional mortgage product marketplace, and fair lending issues.    (c)    To pass a qualified written test, an applicant must receive a test score of at least 75 percent.    (d)    An applicant may take a test three times, provided that each subsequent test occurs at least 30 days after the preceding test.    (e)    After failing three tests, an applicant shall wait at least 6 months before taking the test again.    (f)    (1)    A licensee who fails to renew and maintain a valid license for a period of 5 years or longer shall retake the test and achieve a passing grade as set forth in subsection (c) of this section before obtaining a new license.        (2)    Calculation of the time period during which an individual is unlicensed under paragraph (1) of this subsection shall exclude any time during which the individual is a registered mortgage loan originator.    (g)    This section does not prohibit a test provider approved by the Nationwide Mortgage Licensing System and Registry from providing a test at the location of the employer of the applicant or any subsidiary or affiliate of the employer of the applicant, or any entity with which the applicant holds an exclusive arrangement to conduct the business of a mortgage loan originator.
MD. Financial Institutions Code Ann. §  11-607 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-607 - Investigation and Approval

    (a)    When an applicant for a license files the application and pays the fees required by § 11–604 of this subtitle, the Commissioner shall conduct an investigation to determine if the applicant meets the requirements of § 11–605 of this subtitle.    (b)    The Commissioner shall issue a license to an applicant who meets the requirements of § 11–605 of this subtitle.    (c)    If the Commissioner notifies an applicant that the application is incomplete:        (1)    The Commissioner’s notice shall itemize the steps which the applicant must take to complete the application; and        (2)    The application may not be approved until after the applicant supplies or completes all items and steps identified in the Commissioner’s notice.    (d)    The Commissioner may deny an application:        (1)    If the applicant fails to qualify for a license under this subtitle; or        (2)    For any reason that a license may be revoked or suspended under this subtitle or a mortgage lender license may be suspended or revoked under § 11–517 of this title.    (e)    The Commissioner shall approve or deny an application within 60 days after the Commissioner receives a completed application.
MD. Financial Institutions Code Ann. §  11-608 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-608 - Denial of Application

    (a)    If the Commissioner denies an application, the Commissioner:        (1)    Within 10 days, shall notify the applicant, in writing, of the denial; and        (2)    Shall keep the license fee and the investigation fee.    (b)    Within 30 days after the Commissioner denies an application, the Commissioner shall:        (1)    Issue a written decision containing the specific factual findings and conclusions of law on which the denial was based;        (2)    Send a copy of the written decision by certified mail to the applicant; and        (3)    Advise the applicant by certified mail of the applicant’s right to a hearing to be held in accordance with the Administrative Procedure Act.    (c)    An applicant who seeks a hearing on an application denial shall file with the Commissioner’s office a written request for a hearing within 45 days after receipt of the Commissioner’s written decision and notice of the applicant’s right to a hearing.
MD. Financial Institutions Code Ann. §  11-609 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-609 - Term, Expiration, and Renewal of License

    (a)    Subject to any regulations the Commissioner adopts in connection with the transition to NMLS, an initial license term shall:        (1)    Begin on the first day the license is issued; and        (2)    Expire on December 31 of the year:            (i)    In which the license is issued, if the license is issued before November 1; or            (ii)    Succeeding the year in which the license is issued, if the license is issued on or after November 1.    (b)    On or after November 1 of the year in which the license expires, the license may be renewed for an additional 1–year term, if the licensee:        (1)    Subject to subsections (d) and (e) of this section, meets the minimum standards for the issuance of a license and otherwise is entitled to be licensed;        (2)    Pays to the Commissioner a renewal fee set by the Commissioner; and        (3)    Submits to the Commissioner:            (i)    A renewal application on the form that the Commissioner requires; and            (ii)    Satisfactory evidence of compliance with any continuing education requirements under this subtitle or set by regulations adopted by the Commissioner.    (c)    In addition to the license renewal fee required under subsection (b)(2) of this section, an applicant for a license renewal shall pay to NMLS any fees that NMLS imposes in connection with the renewal application.    (d)    Notwithstanding anything to the contrary in this section or § 11–605 of this subtitle, an applicant for renewal of a license who is duly licensed under this subtitle on July 1, 2009:        (1)    May comply with the following requirements for renewal of the license on or before December 31, 2010:            (i)    The fingerprinting and criminal history report requirement under § 11–604 of this subtitle;            (ii)    The surety bond coverage requirement under § 11–619 of this subtitle; and            (iii)    The prelicensing testing requirement under § 11–606.1 of this subtitle; and        (2)    Is deemed to have satisfied the prelicensing educational course requirement under § 11–606 of this subtitle if the applicant completed 20 hours of continuing education courses approved by the Commissioner within 5 years prior to the expiration date of the applicant’s current license.    (e)    If a license is surrendered voluntarily or is suspended or revoked, the Commissioner may not refund any part of the license fee regardless of the time remaining in the license term.
MD. Financial Institutions Code Ann. §  11-611 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-611 - Appropriations

    (a)    Beginning in fiscal year 2006, the Governor shall appropriate in the annual State budget funds to the Division of Financial Regulation for the purpose of creating necessary positions to implement the provisions of this subtitle.    (b)    An amount equal to the Governor’s appropriation under subsection (a) of this section shall be repaid by the Fund to the General Fund of the State on or before June 30, 2008.
MD. Financial Institutions Code Ann. §  11-612 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-612 - Continuing Education

    (a)    Before applying for renewal of a license, a licensee shall complete at least 8 hours of continuing education, which shall include:        (1)    3 hours of instruction on federal law and regulations relating to mortgage origination;        (2)    2 hours of instruction on ethics, including instruction on fraud, consumer protection, and fair lending issues; and        (3)    2 hours of training related to lending standards for the nontraditional mortgage product marketplace.    (b)    (1)    All continuing education courses shall be reviewed and approved by the Nationwide Mortgage Licensing System and Registry.        (2)    Review and approval of a continuing education course shall include review and approval of the course provider by the Nationwide Mortgage Licensing System and Registry.    (c)    Continuing education may be offered in a classroom, online, or by any other means approved by the Nationwide Mortgage Licensing System and Registry.    (d)    A licensee:        (1)    Shall receive credit for a continuing education course only in the year in which the course is taken; and        (2)    May not take the same continuing education course to meet the annual requirement for continuing education.    (e)    A licensee who teaches an approved continuing education course may receive credit for the licensee’s own annual continuing education requirement at the rate of 2 hours of credit for every 1 hour taught.    (f)    A licensee’s successful completion in another state of the continuing education requirements approved by the Nationwide Mortgage Licensing System and Registry, except continuing education requirements specific to that other state, shall be accepted by the Commissioner as credit towards completion of continuing education requirements in this State.    (g)    This section does not preclude any continuing education course, as approved by the Nationwide Mortgage Licensing System and Registry, that is provided by the employer of the mortgage loan originator or an entity that is affiliated with the mortgage loan originator by an agency contract, or any subsidiary or affiliate of the employer or entity.    (h)    The Commissioner may adopt regulations to implement this section.
MD. Financial Institutions Code Ann. §  11-612.1 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-612.1 - Regulations -- Fees

    (a)    The Commissioner shall set by regulation the fees provided for in this subtitle.    (b)    The fees established by the Commissioner under this section shall be reasonable and set in a manner that will produce funds sufficient to cover the actual direct and indirect costs of regulating licensees in accordance with the provisions of this subtitle.    (c)    The Commissioner shall publish the fee schedule set by the Commissioner.
MD. Financial Institutions Code Ann. §  11-612.2 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-612.2 - Expedited Licensing of Service Member, Veteran, or Military Spouse

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    (i)    “Military spouse” means the spouse of a service member or veteran.            (ii)    “Military spouse” includes a surviving spouse of:                1.    A veteran; or                2.    A service member who died within 1 year before the date on which the license application, renewal, or change of status is submitted.        (3)    “Service member” means an individual who is an active duty member of:            (i)    The armed forces of the United States;            (ii)    A reserve component of the armed forces of the United States; or            (iii)    The National Guard of any state.        (4)    (i)    “Veteran” means a former service member who was discharged from active duty under circumstances other than dishonorable within 1 year before the date on which the license application, renewal, or change of status is submitted.            (ii)    “Veteran” does not include an individual who has completed active duty and has been discharged for more than 1 year before the license application, renewal, or change of status is submitted.    (b)    To expedite the renewal or change of status of a license for a service member, veteran, or military spouse, the Commissioner may waive or suspend any licensing requirements to the extent that the waiver or suspension does not result in the failure to meet the minimum licensing standards set forth in 12 U.S.C. Chapter 51 and the regulations adopted under it.    (c)    To expedite the issuance of a license to a service member, veteran, or military spouse who holds a valid mortgage loan originator license in another state, the Commissioner may waive or suspend any licensing requirements to the extent that the waiver or suspension does not result in the failure to meet the minimum licensing standards set forth in 12 U.S.C. Chapter 51 and the regulations adopted under it.    (d)    The Commissioner shall publish prominently on the Commissioner’s website, or have published on a third–party website used for licensing mortgage loan originators in the State, the expedited processes for the issuance, renewal, or change of status of a license under this section.    (e)    The Commissioner may adopt regulations to carry out this section.
MD. Financial Institutions Code Ann. §  11-613 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-613 - Investigations

    (a)    (1)    Any person aggrieved by the conduct of a licensee under this subtitle in connection with a mortgage loan may file a written complaint with the Commissioner who shall investigate the complaint.        (2)    The Commissioner may make any other investigation of a licensee if the Commissioner has reasonable cause to believe that the licensee has violated any provision of this subtitle, of any regulation adopted under this subtitle, or of any other law regulating mortgage lending or mortgage origination in the State.    (b)    In addition to the requirements of this section, an affiliated insurance producer–mortgage loan originator licensed under § 11–603.1 of this subtitle shall be subject to the provisions of §§ 11–513 and 11–515 of this title:        (1)    To the extent the Commissioner determines is necessary to enable the Commissioner to investigate and examine the mortgage loan origination activities of the affiliated insurance producer–mortgage loan originator; and        (2)    As specified in regulations adopted by the Commissioner.    (c)    A licensee shall pay to the Commissioner a per–day fee set by the Commissioner for each of the Commissioner’s employees engaged in any investigation conducted under this section that the Commissioner reasonably considers necessary.    (d)    In connection with an investigation made under this section, the Commissioner may:        (1)    Examine the books and records of a licensee or of any other person that the Commissioner believes has violated a provision of this subtitle, any rule or regulation adopted under this subtitle, or any other law regulating mortgage lending or mortgage origination in the State;        (2)    Subpoena documents or other evidence; and        (3)    Summon and examine under oath any person whose testimony the Commissioner requires.    (e)    (1)    If a person fails to comply with a subpoena or summons of the Commissioner under this subtitle or to testify concerning any matter about which the person may be interrogated under this subtitle, the Commissioner may file a petition for enforcement with the circuit court for a county.        (2)    On petition by the Commissioner, the court may order the person to attend and testify or produce evidence.
MD. Financial Institutions Code Ann. §  11-614 (2021)
2021 Maryland Statutes|Financial Institutions|Title 11 - Consumer Credit|Subtitle 6 - Mortgage Loan Originators|Section 11-614 - Order to Stop Operations

    (a)    If the Commissioner finds that the conduct of any other business conceals a violation or evasion of this subtitle or any rule or regulation adopted under this subtitle, or any law regulating mortgage lending or mortgage origination in the State, the Commissioner may issue a written order to a licensee to stop doing business:        (1)    At any place in which the other business is conducted or solicited; or        (2)    In association or conjunction with the other business.    (b)    A licensee who violates an order of the Commissioner issued under this section shall be subject to the penalties provided by § 11-615 of this subtitle.    (c)    The Commissioner may file a petition in the circuit court for a county seeking enforcement of an order under this section.