Maryland HB 38, Chapter 512, creates or expands an authorized insurance producer mortgage loan originator pathway in 2026. The law states that a license issued under that section authorizes the licensee to act as a mortgage loan originator only on behalf of a qualified sponsor.
What changed
Maryland added a more specific licensing path linking certain insurance producers to mortgage loan originator authority under sponsorship conditions. The new framework narrows how and for whom that authority can be exercised.
Compliance perspective
Maryland mortgage companies and affiliated insurance distribution channels should review sponsorship structures, role definitions, and NMLS setup for affected individuals. Any marketing or origination activity should line up with the limited authority granted under the new pathway.
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