Maryland § 11-619
Full text of Maryland Maryland Code § 11-619, with citation guidance and answers to common questions.
§ 11-619.
(a) Each mortgage loan originator shall be covered by a surety bond in accordance with this section.
(b) (1) A mortgage loan originator who is an employee of a person subject to licensure under Subtitle 5 of this title may use the surety bond of that person to meet the mortgage loan originator’s surety bond requirement.
(2) A mortgage loan originator who is an employee of a person exempt from licensure under Subtitle 5 of this title may use a surety bond of the person to meet the mortgage loan originator’s surety bond requirement, provided the surety bond meets the requirements, based on mortgage loan volume, under § 11–508 of this title.
(c) A licensee who is an affiliated insurance producer–mortgage loan originator shall be deemed in compliance with this section if the licensee:
(1) Holds a surety bond that would satisfy the surety bond requirements under § 11–508 of this title if the affiliated insurance producer–mortgage loan originator were a licensee under Subtitle 5 of this title; or
(2) Is covered under a blanket surety bond held by the financial institution or mortgage lender licensee identified in § 11–603.1(a)(3) of this subtitle if the blanket surety bond:
(i) Covers all affiliated insurance producer–mortgage loan originators; and
(ii) Is in the amount of $1,000,000 or another amount as required by the Commissioner by regulation.
Frequently Asked Questions About Maryland § 11-619
What does Maryland Code § 11-619 cover?
Section 11-619 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-619?
A common citation format is "Maryland Code § 11-619" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-619 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.