Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 03 - COMMISSIONER OF FINANCIAL REGULATION
Chapter 09.03.09 - Mortgage Loan Originators
Section 09.03.09.07 - Locations
Universal Citation: MD Code Reg 09.03.09.07
Current through Register Vol. 51, No. 19, September 20, 2024
A. A mortgage loan originator may not conduct mortgage lending business at any location different from the address that appears on the license or licenses of the mortgage loan originator's employer.
B. Notwithstanding §A of this regulation, a mortgage loan originator may take a loan application or offer or negotiate terms of a mortgage loan at a location other than the address that appears on the license or licenses of the mortgage loan originator's employer if neither the mortgage loan originator nor the mortgage loan originator's employer:
(1) Owns
or leases the location for the purpose of conducting mortgage lending
business;
(2) Indicates or suggests
by use of signage that the mortgage loan originator or the mortgage loan
originator's employer utilizes the location for taking mortgage loan
applications or offering or negotiating terms of mortgage loans;
(3) Advertises that the mortgage loan
originator or the mortgage loan originator's employer takes mortgage loan
applications or offers or negotiates terms of mortgage loans at the
location;
(4) Maintains work space,
telephone service, or internet service at the location in the name of the
mortgage loan originator or the mortgage loan originator's employer for the
purpose of conducting mortgage lending business;
(5) Receives mail relating to the mortgage
lending business at the location; or
(6) Stores books or records relating to the
mortgage lending business at the location.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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