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Industry Advisories Issued Before the Current Calendar Year - Financial Regulation

2023 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

all licensed financial service providers 11/21/2023

RENEWAL REMINDERS (Maryland)

guidance
mortgage servicing; debt collection; foreclosure 10/25/2023

Termination of the Homeowner Assistance Fund and Servicer Obligations

guidance
student loan servicing 10/03/2023

Guidance on the Student Financing Company Act

guidance
money transmission 09/28/2023

Notice of Reproposed Changes to Regulation: Money Transmitters

notice
mortgage lending 09/27/2023

Notice of Proposed Regulation: Mortgage Examination

notice
consumer lending 08/01/2023

Guidance on Earned Wage Access Products

guidance
consumer lending;
mortgage lending
07/31/2023

Guidance on Residential Property Service Agreements

guidance
all licensed financial service providers 06/26/2023

Changes to Maryland Licensing Law Effective July 1, 2023

notice

money transmission

06/22/2023

Enforcement Actions by Maryland’s Attorney General: Potential Impact on Money Transmitter Licensure

guidance

consumer lending; mortgage lending

06/05/2023

Shared Appreciation Agreements – Interim Guidance

guidance

money transmission

02/28/2023

Notice of Proposed Changes to Regulation – Money Transmitters

notice

mortgage servicing; debt collection; foreclosure

01/05/2023

Notice of Final Action – Foreclosure Procedures for Residential Property – Changes Effective March 1, 2023

notice

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2022 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

mortgage servicing; debt collection; foreclosure

12/29/2022

Maryland’s Homeowner Assistance Fund – Updated Guidance for Mortgage Servicers

guidance

all licensed or registered entities

12/15/2022

Act Now to Renew Your License for 2023

alert

depository institutions and non-depository trust companies

10/07/2022

Investigation of Financial Abuse and Financial Exploitation – Records Disclosure

notice

debt settlement service providers

10/06/2022

Notice to Student Loan Debt Settlement Service Providers – Disclosures and Prohibitions

notice

all licensed or registered entities

09/21/2022

Prepare to Renew Your License (for 2023)

alert

mortgage lending and servicing

06/21/2022

Notice of Final Action: Model Standards for Mortgage Servicers and Lenders

notice

mortgage lending and servicing; consumer lending; installment loans; sales financing; debt collection

05/12/2022

Notice to Lenders and Servicers: Court Decision on So-Called “Convenience Fees”

guidance

money services businesses

04/27/2022

Cyber Threat to Cryptocurrency Industry

alert

exempt collection agency registrants

04/08/2022

Exempt Collection Agency Registrants Transition of Registration to NMLS

alert

mortgage servicing; debt collection; foreclosure

02/07/2022 (corrected)

Maryland’s Homeowner Assistance Fund: FAQs for Mortgage Servicers (CORRECTED)
(Issued jointly with the Maryland Department of Housing and Community Development)

guidance

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2021 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

mortgage servicing; debt collection; foreclosure

12/27/2021

Notice to Servicers: Maryland Homeowner Assistance Fund Now Open

guidance

mortgage servicing; debt collection; foreclosure

11/2/2021

Notice to Servicers: Maryland Homeowner Assistance Fund to Open Soon

guidance

mortgage servicing

10/14/2021

Reminder to Servicers: Property Inspection Fees Generally Prohibited

guidance

state-licensed financial service providers

09/08/2021

Reminder: Elimination of Paper Licenses and Changes in Maryland License Numbers

notice

collection agencies and consumer credit reporting agencies

09/08/2021

Real Property: Reusable Tenant Screening Reports

guidance

state-chartered banks and credit unions; supervised financial institutions

09/08/2021

Financial Institutions – Security Questions and Measures (second advisory with additional guidance)

guidance

money transmission

09/08/2021

Financial Institutions – Money Transmission (second advisory with additional guidance)

guidance

consumer and installment loan lenders; mortgage lenders, brokers, originators; sales financing companies; state-chartered banks and credit unions

09/02/2021

Evaluation Rules and Alternative Methods of Determining Creditworthiness

guidance

state-licensed financial service providers

09/02/2021

State Examination System (SES) Enrollment Process for Licensees: Maryland to Commence Use of SES in September, 2021

notice

mortgage lenders and brokers

08/19/2021 (original issuance 07/28/2021)

Employment of Mortgage Loan Originators: W-2 Compensation not Mandated under Maryland Law and Dual Capacity in Real Estate Sales - REVISED

guidance

state-chartered banks and credit unions; supervised financial institutions

07/29/2021

Financial Institutions – Security Questions and Measures

guidance

state-licensed financial service providers

07/21/2021

Elimination of Paper Licenses and Changes in Maryland License Numbers

notice

money transmission

07/15/2021

Financial Institutions – Money Transmission

guidance

state-chartered banks and credit unions

07/01/2021

Income Tax – Subtraction Modification – First–Time Homebuyer Savings Accounts

notice

state-chartered credit unions

07/01/2021

Credit Union General Powers (Federal Parity)

guidance

Mortgage Servicing; Debt Collection; Foreclosure

06/28/2021

Termination of COVID-19 Executive Orders: Reopening of the Notice of Intent to Foreclose Electronic System

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure

04/28/2021

Amended Regulatory Guidance Regarding Foreclosures – NOI UPDATE

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure

03/29/2021

Amended Regulatory Guidance Regarding Foreclosures - Update *

COVID-19 Related

Mortgage Lending and Brokering

03/01/2021

Maryland Mortgage Broker Agreement: Proper Issuance and Compliance

Guidance

Mortgage Servicing; Debt Collection; Foreclosure

02/22/2021

Amended Regulatory Guidance Regarding Foreclosures *

COVID-19 Related

Banking and Credit Unions

02/17/2021

Maryland RELIEF Act of 2021 Payments

COVID-19 Related

Money Transmission

01/29/2021

State Examination System (SES) Information: Communication to Maryland Money Transmission Licensees

Notice

Mortgage Servicing; Debt Collection; Foreclosure

01/28/2021

Regulatory Guidance Regarding Foreclosures *

COVID-19 Related

General (All)

01/22/2021

Emergency Regulations for State-Regulated Entities: Permitting Remote Work for Employees at Certain Locations

Notice

Consumer and Credit Reporting

01/22/2021

Credit Reporting Agencies Registration Requirements and Compliance Procedures

Guidance

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2020 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

Mortgage Servicing; Debt Collection; Foreclosure

12/18/2020

NEW Foreclosure Update: Executive Order 20-12-17-02 Issued By Governor Hogan  *

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure; Lending (All)

12/18/2020

Governor Hogan’s Executive Order Number 20-12-17-02: Interpretational Guidance Regarding Foreclosure and Repossession 

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure; Lending (All)

11/09/2020

Governor Hogan’s Executive Order Number 2020-10-16-01: FAQs Regarding Foreclosure and Repossession *

COVID-19 Related

Debt Collection; Lending (All)

11/04/2020

Fair Debt Collection Practices Act: New Federal Rule

Notice

Consumer and Credit Reporting

10/21/2020

Consumer Reporting Agencies: Surety Bonds and Transition of Registration to NMLS

Notice

Mortgage Servicing; Debt Collection; Foreclosure

10/16/2020

Foreclosure Update: New Executive Order Issued By Governor Hogan *

COVID-19 Related

Lending (All)

10/16/2020

Repossessions Update: New Executive Order Issued By Governor Hogan *

COVID-19 Related

Debt Collection

09/21/2020

Debt Collection: Exemptions from Attachment and Execution (New Law Effective October 1, 2020)

Notice

Consumer and Credit Reporting

09/15/2020

Transition of Consumer Reporting Agency Registration to NMLS

Notice

Consumer Lending; Mortgage (All); Credit Services

09/11/2020

Consumer Protections for Mobile Home Purchasers

Notice

Mortgage Lending, Servicing and Brokering

08/19/2020

State Examination System (SES) for Mortgage Licensees: Maryland to Commence use of SES in September 2020

Notice

State-Chartered Banks

08/07/2020

Financial Institutions Parity or the “Wildcard” Statute

Guidance

Non-depository Financial Services

07/15/2020

Information on Identification Requirements for Customers of Non-Depository Financial Services Providers: Maryland Extended Deadline for License Renewals

COVID-19 Related

Depository Institutions

07/15/2020

Information on Identification Requirements for Customers of Depository Institutions: Maryland Extended Deadline for License Renewals

COVID-19 Related

Consumer Lending; Installment Lending

07/13/2020

Sale of Loan Accounts by Consumer Loan Licensees: Clarification

Guidance

Mortgage Lending, Brokering and Origination

05/20/2020

Bond Coverage for Mortgage Loan Originators Employed by Exempt Mortgage Company Registrants

Guidance

Student Loan Servicing; Debt Collection; Consumer and Credit Reporting

05/18/2020

Student Loan Servicers and Credit Reporting Agency Registrants: Furnishing of Inaccurate Student Loan Information during COVID-19

COVID-19 Related

Debt Collection

05/11/2020

Collection Agencies Ceasing Activity

COVID-19 Related

Debt Collection

05/11/2020

Debt Purchasers: Certain Licensing Standards for Collections and Operations

Guidance

Non-depository Financial Services; Depository Institutions

05/04/2020

Interpretive Guidance from the Governor’s Office of Legal Counsel Regarding Garnishment of CARES Act Recovery Rebates (ISSUED BY THE GOVERNOR’S OFFICE)

COVID-19 Related

Non-depository Financial Services

04/30/2020

CARES Act Relief Payments: COVID-19 Pandemic Guidance for Non-Depository Financial Services Providers

COVID-19 Related

Depository Institutions

04/30/2020 REVISED

CARES Act Relief Payments: COVID-19 Pandemic Guidance for Depository Institutions

COVID-19 Related

Depository Institutions

04/17/2020

Legal Lending Limit: COVID-19 Pandemic Guidance

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure

04/06/2020

Executive Order Regarding Notices of Intent to Foreclose *

COVID-19 Related

Lending (All)

04/06/2020

Executive Order Regarding Repossessions *

COVID-19 Related

Mortgage Lending, Brokering and Origination

03/31/2020

Executive Order Authorizes Remote Notarization: Mortgage Lenders Encouraged To Implement Remote Closings

COVID-19 Related

General (All)

03/27/2020

Guidance Regarding Consumer Credit: Borrowers Impacted by the COVID-19 Health Emergency

COVID-19 Related

Mortgage Lending and Servicing; Debt Collection

03/24/2020

Guidance to Mortgage Servicers: Borrowers Impacted by the COVID-19 Health Emergency

COVID-19 Related

Depository Institutions

03/19/2020

Statement on Financial Institutions Working with Customers Affected by the Coronavirus

COVID-19 Related

Mortgage Servicing; Debt Collection; foreclosure

03/19/2020

Coronavirus/COVID-19 Information: Foreclosure of Residential Property Stayed

COVID-19 Related

Mortgage Lending, Brokering and Servicing

03/13/2020

Coronavirus/COVID-19 Information: Emergency and Disaster Preparation for Maryland Licensed Mortgage Brokers, Lenders and Servicers

COVID-19 Related

* Amended and/or restated by a subsequent advisory.

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2019 AND EARLIER ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

State-chartered Institutions

02/27/2019

Office of the Commissioner of Financial Regulation - Emergency Preparedness Guide for Maryland-Chartered Banks, Credit Unions, and Trust Companies - January 4, 2012 (Updated 02-27-2019)

Guidance

Mortgage Lending and Brokering

02/16/2018

Regulatory Alert: Finder's Fee Guidance for Brokers

Guidance

Mortgage (All)

10/25/2017

Property Insurance Coverage Limits Under Maryland Law.

Guidance

Mortgage Servicing

10/18/2017

Commercial Law Article, §13-316(B): Maryland Mortgage Servicing Transfer Notice Requirements

Guidance

Consumer Lending; Installment Lending

08/31/2017

Vehicle Title Loans in Maryland are Subject to Consumer Lending Laws

Guidance

Mortgage (All); money transmission; debt management

08/17/2016

Disclosure of Examination Information by Regulated Entities

Guidance

Check Cashing

06/29/2016

Check Cashing Services Advisory on Bank Imposed Fees

Guidance

Mortgage (All)

09/28/2015

Advisory: Guidelines for Compliance with State and Federal Requirements to Provide Housing Counseling Information for Borrowers

Guidance

Mortgage Servicing; Debt Collection; Foreclosure

04/08/2015

Advisory: Court of Special Appeals Clarifies Notice of Intent to Foreclose Requirement in Reported Case

Guidance

Non-depository Financial Services

03/28/2014

Advisory: Maryland Definition: Qualifying Individual

Guidance

Mortgage Lending and Servicing

01/07/2014

Advisory: Property Preservation – Nonjudicial Evictions 

Guidance

State-chartered Banks

01/16/2013

Wildcard Lending Limit - This Declaratory Ruling Addresses State-chartered Banks' Lending Limits

Guidance

Credit Services; Foreclosure

09/16/2013

Advisory: Guidance For Real Estate Licensees in Short Sales Transactions

Guidance

Debt Collection

05/05/2010

Advisory Regarding Licensure of Debt Purchasers - Advisory 5-10 (Word)

Guidance

Consumer Lending; Debt Collection

07/20/2009

Unlicensed Consumer Loan and Prohibited "Payday" Loan Collection Activity (Word)

Guidance

Mortgage Lending and Brokering

08/05/2005

Mortgage Brokers 05-06 (Word)

Guidance

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