<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 09.03.09.07" title_num="09" subtitle_num="03" chapter_num="09" heading="Locations.">
  <paragraph num="A.">
    <text>A mortgage loan originator may not conduct mortgage lending business at any location different from a licensed location that is listed for the mortgage loan originator or the mortgage loan originator's employer on NMLS.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Notwithstanding §A of this regulation, a mortgage loan originator may take a loan application or offer or negotiate terms of a mortgage loan at a location other than the licensed location of the mortgage loan originator or the mortgage loan originator's employer if neither the mortgage loan originator nor the mortgage loan originator's employer:</text>
    <paragraph num="(1)">
      <text>Owns or leases the location for the purpose of conducting mortgage lending business;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Indicates or suggests by use of signage that the mortgage loan originator or the mortgage loan originator's employer utilizes the location for taking mortgage loan applications or offering or negotiating terms of mortgage loans;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Advertises that the mortgage loan originator or the mortgage loan originator's employer takes mortgage loan applications or offers or negotiates terms of mortgage loans at the location;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Maintains work space, telephone service, or internet service at the location in the name of the mortgage loan originator or the mortgage loan originator's employer for the purpose of conducting mortgage lending business;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Receives mail relating to the mortgage lending business at the location; or</text>
    </paragraph>
    <paragraph num="(6)">
      <text>Stores books or records relating to the mortgage lending business at the location.</text>
    </paragraph>
  </paragraph>
</regulation>