Md. Code Regs. 09.03.09.08
Current through Register Vol. 51, No. 25, December 13, 2024
Section 09.03.09.08 - Loan Origination Under Expired LicenseA. A person may not take or receive a mortgage loan application or offer or negotiate the terms of a mortgage loan without a license.B. Notwithstanding §A of this regulation, a mortgage loan originator operating under an expired license resulting from a failure to timely renew may offer or negotiate the terms of a mortgage loan if: (1) The application for the mortgage loan was taken or received before the deadline for renewal of the license; and(2) The licensee's employer does not employ any other mortgage loan originator licensed by the Commissioner.Md. Code Regs. 09.03.09.08
Regulation .08 adopted effective 44:15 Md. R. 759, eff. 7/31/2017