# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 6. Mortgage Loan Originators

#### Section 11-605

(a) The Commissioner may not issue a mortgage loan originator license unless the Commissioner makes, at a minimum, the following findings:

  (1) The applicant has never had a mortgage loan originator license revoked in any governmental jurisdiction;

  (2) The applicant has not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign, or military court:

    (i) During the 7-year period immediately preceding the date of the application for licensing; or

    (ii) At any time preceding the date of application, if the felony involved an act of fraud, dishonesty, a breach of trust, or money laundering;

  (3) The applicant has demonstrated financial responsibility, character, and general fitness sufficient to command the confidence of the community and to warrant a determination that the mortgage loan originator will operate honestly, fairly, and efficiently;

  (4) The applicant has completed the prelicensing education requirement under Sec. 11-606 of this subtitle and any prelicensing education requirements established by the Commissioner by regulation;

  (5) The applicant has passed a test that meets the requirements established under Sec. 11-606.1 of this subtitle and any prelicensing testing requirements established by the Commissioner by regulation; and

  (6) The applicant has met the surety bond requirement under Sec. 11-619 of this subtitle.

(b) A conviction for which a pardon has been granted is not a conviction for purposes of subsection (a)(2) of this section.

(c) A determination that an individual does not meet the requirements for financial responsibility under subsection (a)(3) of this section may not be based solely on:

  (1) Debts arising from medical expenses, including judgments;

  (2) Except for delinquent child support payments, debts, including judgments, arising from divorce proceedings or divorce settlements;

  (3) Foreclosures on the applicant's principal residence;

  (4) The applicant's credit score as reported by any consumer reporting agency, as defined in 15 U.S.C. Sec. 1681a; or

  (5) The applicant's involvement in a bankruptcy proceeding under Title 11 of the United States Code.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)