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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Exempt Company Registration This registration is available for any company that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Maryland. This registration is optional and is intended for companies that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)
Money Transmitter License This License is required for the principal executive office of any person engaging in the business of money transmission who is located in the State or with any person in the State, unless the person engaging in the business of money transmission is an authorized delegate of a Maryland money transmitter licensee that conducts money transmission business under the licensee’s name or is exempt from licensing under Maryland Money Transmission Act. (More Details)
Mortgage Lender License This License is required for any company or sole proprietor who engages in the mortgage lending business, including brokering, servicing, and/or making mortgage loans in the State of Maryland. (More Details)
Branch Licenses Description Requirements Checklist
Exempt Branch Registration This registration is available for any branch that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of Maryland. This registration is optional and is intended for branches that wish to manage their mortgage loan originator in NMLS. Please consult the state regulator before applying for this registration. (More Details)
Money Transmitter Branch License This License is required for all locations, other than the principal executive office, for any person engaging in the business of money transmission who is located in the State or with any person in the State, unless the person engaging in the business of money transmission is an authorized delegate of a Maryland money transmitter licensee that conducts money transmission business under the licensee’s name or is exempt from licensing under Maryland Money Transmission Act. (More Details)
Mortgage Lender License (Branch) This License is required for all locations other than the main office (whether located in the State of Maryland or not) in which mortgage business with Maryland residents is conducted. (More Details)
Individual Licenses Description Requirements Checklist
Affiliated Insurance Producer-Mortgage Loan Originator License An individual is eligible for this license if the individual: 1) originates mortgage loans only on behalf of a financial institution that is described in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) that is approved by the Commissioner; 2) is a licensed insurance producer in good standing; and 3) holds an appointment as an insurance producer for an insurer that controls, is controlled by, or is under common control with either the financial institution described above or a mortgage lender licensee that is approved by the Commissioner and only originates loans for the financial institution described in Md. Code Ann., Fin. Inst. Art. § 11-502(b)(1) under an exclusive contract with that financial institution. (More Details)
Mortgage Loan Originator License This license is required for an individual who for compensation or gain, or in the expectation of compensation or gain, takes a loan application or offers or negotiates the terms of a mortgage loan. (More Details)
 

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