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This course on Maryland-specific education fulfills 1 hour of annual continuing education for licensed MLOs in the state. A total of 8 hours must be completed each year, which includes 3 hours of federal law, 2 hours of non-traditional mortgage lending, 2 hours of ethics (including fraud, consumer protection, and fair lending issues), and 1 hour of Maryland-specific education. This is a stand-alone course, and can be taken either on its own or in connection to other courses offered to fulfill your CE requirements.

This course is broken down into 2 modules. Each module contains:

  • A section of training
  • An activity in which students will read a short scenario and then answer questions about the scenario
  • An assessment that consists of a five question quiz

The course discusses the basic regulatory framework that surrounds Maryland MLOs including the model act produced by the Nationwide Mortgage Licensing System and the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act.

The course talks about the state's legal definition of an MLO and the actions that cannot be undertaken without a valid MLO license.

The course examines state regulations that are concerned with a MLO's duty of care, the locations where MLOs can operate, and the production and use of advertising.

The course looks at the licensing of MLOs including the application process, required surety bonds, and the expiration of a license.

The course also explores the state's requirements for storage and maintenance of transaction records.

The course is completed with a final exam consisting of 15 questions randomly drawn from the class.

  • Course ID(s): 10755
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery, loan originator and Sales Manager at Guild Mortgage, in Grants Pass Oregon, has been actively involved in home lending since 1986. She has originated everything from first time homebuyers, to complex construction financing and reverse mortgages, besides all forms of more traditional lending. Mary combines her depth of knowledge with a sincere desire to know, love and serve her clients. She has been teaching home buying classes for 20+ years and loves to share her knowledge with not just her clients, but with people in the industry who are interested in growing.