§ 11-612. Continuing education requirements
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2009
Effective: July 1, 2009
MD Code, Financial Institutions, § 11-612
§ 11-612. Continuing education requirements
(a) Before applying for renewal of a license, a licensee shall complete at least 8 hours of continuing education, which shall include:
(b)(1) All continuing education courses shall be reviewed and approved 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:
(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.
Credits
Added by Acts 2005, c. 590, § 1, eff. Oct. 1, 2005. Amended by Acts 2009, c. 4, § 1, eff. July 1, 2009.
MD Code, Financial Institutions, § 11-612, MD FIN INST § 11-612
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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