Maryland and District of Columbia Credit Union Association Inc.
04/15/2025 | News release | Distributed by Public on 04/15/2025 08:32
Maryland OFR Seeks Comments on Proposal Affecting Mortgage Loan Originators
The Maryland Commissioner of Financial Regulation is seeking public comments on a proposed rule change affecting mortgage loan originators. The proposed amendment would increase the fees required to apply for or renew a mortgage loan originator license. There changes aim to reduce the industry's overall assessments by generating more revenue through licensing fees.
Proposed Fee Changes
Here's what is being proposed:
- Application investigation fee: Increase from $1 to $50
- Initial license fee (1-year term): Increase from $225 to $275
- Renewal fee (1-year term): Increase from $225 to $275
How to Comment
If you would like to comment on the proposed change, you can contact Amy Hennen at the Office of Financial Regulation by:
- Mail: 100 S. Charles St., Tower 1, Suite 5300, Baltimore, MD 21231
- Phone: 410-230-6094
- Email: [email protected]
Comments will be accepted until May 5, 2025.
Maryland and District of Columbia Credit Union Association Inc. published this content on April 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 15, 2025 at 14:32 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]