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Maryland Mortgage Education Includes SAFE Loan Originator Test Prep
ProSchools' online instructor-led training is NMLS-approved. Courses contain easy-to-understand lessons, lots of
practice exams, easy access to your instructor, and flexible online learning allowing you to move through the course
quickly. Plus, you study when and where you want. Exchange ideas via discussion forums, blogs, and instructor
assignments. An optimal learning experience for busy Maryland Loan Originators! Prepare for your SAFE Loan Originator
exam while completing your NMLS course.
Choose the training session that best meets your schedule. Course sessions start and end weekly. If you need
longer to complete your course, call our helpful NMLS Account Specialists to discuss transferring to the next
available session. At the end of your session, upon course completion, ProSchools "banks" your completion
record to the NMLS. There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
 
What do ProSchools' NMLS-Approved Courses Include
- Courses are online and instructor-led
- Easy-to-read and printable lessons
- Multi-media chapter reviews
- Instructor assignments
- Knowledge building exercises
- Hundreds of online exam questions with explanations and score tracking (this prepares you for the SAFE Mortgage Loan Originator Tests)
- Helpful resources including a student discussion forum, instructor blog, and useful links to NMLS information and testing resources
- Easy access to your instructor via "live chat" office hours, email, or phone
Maryland Mortgage Loan Originator License Requirements
To work as a mortgage loan originator in Maryland, you need to:
- Complete at least 20 hours of NMLS approved prelicense education. The 20 hours of education must include a minimum of the following:
- Five (5) hours directly related to Maryland law
- Three (3) hours of federal law and regulation
- Three (3) hours of ethics, including fraud, consumer protection and fair lending issues
- Two (2) hours of lending standards for the nontraditional mortgage product marketplace
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is two exams, a national exam and a state exam, which may be taken separately.
- Meet bonding requirements.
- All licensees must submit fingerprints through NMLS for a federal background check. Interim or previously exempt licensees must submit fingerprints through the NMLS and submit submit fingerprints through the state for a state criminal background check by July 31, 2010. Existing licensees must submit fingerprints through the NMLS for only a federal criminal background check by December 31, 2010.
- All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Maryland's transition plan for current, previously exempt and new loan originators is:
Current loan originators whose expiration is after June 30, 2009 must do the following by December 31, 2010 in order to renew:
- Satisfy the 20 hour education requirement. Continuing education taken within the past 5 years will meet the NMLS prelicense requirement.
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is two exams, a national exam and a state exam, which may be taken separately.
Previously exempt loan originators must do the following by July 31, 2010:
- Complete 20 hours of NMLS-approved prelicense education. The 20 hours of education must include a minimum of the following:
- Five (5) hours directly related to Maryland law
- Three (3) hours of federal law and regulation
- Three (3) hours of ethics, including fraud, consumer protection and fair lending issues
- Two (2) hours of lending standards for the nontraditional mortgage product marketplace
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is two exams, a national exam and a state exam, which may be taken separately.
New loan originators must do the following prior to being licensed:
- Complete 20 hours of NMLS-approved prelicense education. The 20 hours of education must include a minimum of the following:
- Five (5) hours directly related to Maryland law
- Three (3) hours of federal law and regulation
- Three (3) hours of ethics, including fraud, consumer protection and fair lending issues
- Two (2) hours of lending standards for the nontraditional mortgage product marketplace
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is two exams, a national exam and a state exam, which may be taken separately.
SAFE Mortgage Loan Originator Test Information
The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":
- National component (100 questions with 90 scored and 10 unscored): The exam will cover: 1) Federal mortgage-related laws (35%); 2) General mortgage knowledge (25%); 3) Mortgage loan origination activities (25%); 4) Ethics (15%)
- Maryland component (55 questions with 45 scored and 10 unscored): The exam will cover: 1) State of Maryland Department of Labor, Licensing and Regulation, Division of Financial Regulation (5%); 2) State law and regulation definitions (10%); 3) License law and regulation (25%); 4) Compliance (50%); 5) Disciplinary action (10%)
To schedule and take an exam you must:
- Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.
- Enroll in the National and/or State-specific test. The fees for the exam will be paid at the time of enrollment through the NMLS.
- Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!
- Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.
- Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.
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This NMLS-approved 21-day course fulfills the 20 hours of prelicense education required under the SAFE Act. ProSchools' 21-day session is our most popular option. A new session begins every Tuesday and allows you a full 21 days to complete your coursework. A list of available sessions appears when you click Buy Now. Course includes all mandatory hours for federal law, ethics, non-traditional mortgage products, and 5 hours of Maryland state law. Exam prep is included to help prepare you to pass the National and Maryland SAFE MLO Tests. A $30 mandatory NMLS-Banking fee will be added at checkout, the fee covers NMLS administration of your records.