Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 03 - COMMISSIONER OF FINANCIAL REGULATION
Chapter 09.03.09 - Mortgage Loan Originators
Section 09.03.09.09 - Advertising and Solicitation
Universal Citation: MD Code Reg 09.03.09.09
Current through Register Vol. 51, No. 19, September 20, 2024
A. A mortgage loan originator may not publish, or cause to be published, any advertisement, or make or cause to be made any representation, that:
(1) Contains any false, misleading, or
deceptive statements regarding the making, brokering, or servicing of mortgage
loans; or
(2) Misrepresents terms,
availability, rates, or charges incident to a mortgage loan.
B. Licensee Name and Address.
(1) A mortgage loan originator may not
advertise under any name or address other than the name and address which
appear on its license.
(2)
Notwithstanding §B(1) of this regulation:
(a) An advertisement need not disclose any
address of the advertiser; and
(b)
A mortgage loan originator may advertise under any name:
(i) By which the mortgage loan originator is
commonly known; and
(ii) Which is
shown in the mortgage loan originator's NMLSR record.
(3) In any advertisement, a
mortgage loan originator must disclose:
(a)
The name or approved trade name of the mortgage loan originator's employer;
and
(b) The mortgage loan
originator's NMLSR Unique Identifier.
(4) Notwithstanding §B(3) of this
regulation, a mortgage loan originator who utilizes social media for
advertising purposes need not disclose the name of the mortgage loan
originator's employer or the NMLSR Unique Identifier of the mortgage loan
originator in each statement published through a social media platform,
provided that such information is disclosed prominently on the mortgage loan
originator's home page within that social media platform.
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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