Broker Requirements:

(1) Must have 3 yrs mortgage banking experience;

(2) $100 non-refundable Investigation Fee;

(3) $1,000 initial Licensing Fee;

(4) $15,000 to $75,000 Surety Bond depending on dollar volume of loans for every 3 yr period;

(5) current audited financials (within last 12 months);

(6) current Credit Report (required & to be submitted with application);

(7) 20 hrs of continuing education required for renewal of broker license.

Loan Officer Requirements:

Contact Information:

Maryland Dept of Labor, Licensing & Regulations

500 North Calvert Street, Suite 402

Baltimore, MD 21202

Phone: 410.230.6100

Fax: 410.333.3866 or 410.333.0475

Website:http://www.dllr.state.md.us/finance/

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Map of Maryland Dept of Labor, Licensing & Regulations: