Section 2-105.1 - Regulations; multistate automated licensing systems. - Maryland Statutes

§ 2-105.1. Regulations; multistate automated licensing systems.
 

(a)  Definitions.-  

(1) In this section the following words have the meanings indicated. 

(2) "Mortgage lender" has the meaning stated in § 11-501 of this article. 

(3) "Mortgage originator" has the meaning stated in § 11-601 of this article. 

(b)  Regulations.- The Commissioner may adopt and enforce regulations reasonably necessary to carry out the authority and responsibility of the office of Commissioner. 

(c)  Multistate automated licensing systems.-  

(1) The Commissioner may participate in the establishment and implementation of a multistate automated licensing system for mortgage lenders and mortgage originators. 

(2) To facilitate implementation of a multistate automated licensing system, the Commissioner may adopt regulations that waive or modify the requirements of Title 11, Subtitles 5 and 6 of this article. 
 

[1996, ch. 326, § 2; 2008, ch. 7, § 2; ch. 8, § 2; 2009, ch. 4.]