A Maryland officer of a licensee is convicted in 2026 of a misdemeanor bearing on fitness for the business. Can this fitness-related misdemeanor support suspension or revocation?
Correct Answer
C) A ground: a misdemeanor related to fitness counts as well as a felony
Conviction under the laws of the United States or of any state of a felony, or of a misdemeanor directly related to the fitness and qualification of the person to engage in the mortgage lending business, is a ground. Other choices: qualifying misdemeanors are included; acting for the licensee is not the test; and the statute reaches convictions in any state. Source: Md. Fin. Inst. § 11-517(a)(2)
Why This Is the Correct Answer
Conviction under the laws of the United States or of any state of a felony, or of a misdemeanor directly related to the fitness and qualification of the person to engage in the mortgage lending business, is a ground. Other choices: qualifying misdemeanors are included; acting for the licensee is not the test; and the statute reaches convictions in any state. Source: Md. Fin. Inst. § 11-517(a)(2)
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