§ 11-612.2. Expedited renewals, change of status, or issuance of licenses
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2016
Effective: July 1, 2016
MD Code, Financial Institutions, § 11-612.2
§ 11-612.2. Expedited renewals, change of status, or issuance of licenses
(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.
Credits
Added by Acts 2013, c. 154, § 2, eff. July 1, 2013; Acts 2013, c. 155, § 2, eff. July 1, 2013. Amended by Acts 2016, c. 340, § 1, eff. July 1, 2016.
MD Code, Financial Institutions, § 11-612.2, MD FIN INST § 11-612.2
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |