# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 6. Mortgage Loan Originators

#### Section 11-619

(a) Each mortgage loan originator shall be covered by a surety bond in accordance with this section.

(b)

  (1) A mortgage loan originator who is an employee of a person subject to licensure under Subtitle 5 of this title may use the surety bond of that person to meet the mortgage loan originator's surety bond requirement.

  (2) A mortgage loan originator who is an employee of a person exempt from licensure under Subtitle 5 of this title may use a surety bond of the person to meet the mortgage loan originator's surety bond requirement, provided the surety bond meets the requirements, based on mortgage loan volume, under Sec. 11-508 of this title.

(c) A licensee who is an affiliated insurance producer-mortgage loan originator shall be deemed in compliance with this section if the licensee:

  (1) Holds a surety bond that would satisfy the surety bond requirements under Sec. 11-508 of this title if the affiliated insurance producer-mortgage loan originator were a licensee under Subtitle 5 of this title; or

  (2) Is covered under a blanket surety bond held by a financial institution identified in Sec. 11-603.1(a)(1)(i) of this subtitle or a mortgage lender identified in Sec. 11-603.1(a)(1)(ii) or (3)(ii) of this subtitle if the blanket surety bond:

    (i) Covers all affiliated insurance producer-mortgage loan originators; and

    (ii) Is in the amount of $1,000,000 or another amount as required by the Commissioner by regulation.

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