§ 11-606. Prelicensing education requirements
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2009
Effective: July 1, 2009
MD Code, Financial Institutions, § 11-606
§ 11-606. Prelicensing education requirements
(a) To qualify for an initial license, an applicant shall complete at least 20 hours of prelicensing education that shall include:
(b)(1) All prelicensing education courses shall be reviewed and approved 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.
Credits
Added by Acts 2009, c. 4, § 1, eff. July 1, 2009.
MD Code, Financial Institutions, § 11-606, MD FIN INST § 11-606
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.
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