Maryland Mortgage Lender Examinations: Proposed Changes to Maryland Lending Regulations

Maryland Mortgage Lender Examinations: Commissioner of Financial Regulation Proposes Changes to Maryland Lending Regulations

The Maryland Commissioner of Financial Regulation has issued and requested comments on a proposed new regulation under COMAR 09.03.06 that will enable the Commissioner’s examination staff to rely on examinations of licensees completed by regulators in other states.  The purpose of the proposed rule, among other things, is to increase efficiency and enable examiners to focus on new and/or high-risk licensees.  Comments will be accepted until October 10, 2023, and should be directed to: Amy P. Hennen, Director of Legislative Response and Special Projects, Office of Financial Regulation, by email at amy.hennen@maryland.gov or by phone at 410-230-6094.  For more information and to review the proposed regulations, go to https://2019-dsd.maryland.gov/MDRIssues/5018/Assembled.aspx#_Toc144896212.

 

The information contained herein is provided for general informational purposes only and may not reflect the current law in your jurisdiction. No information contained in this blog should be construed as legal advice from Shumaker Williams P.C. or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. This blog is current as of the date of original publication. 

By

Shumaker Williams

September 27, 2023