A Maryland originator prepares to renew in 2026 and asks about continuing education. What are the statutory minimum annual hours and minimum hours in the three named federal subject categories?
Correct Answer
D) At least 8 hours, including 3 federal, 2 ethics and 2 nontraditional
Before applying for renewal a licensee shall complete at least 8 hours of continuing education including 3 hours on federal law and regulations, 2 hours on ethics covering fraud, consumer protection and fair lending, and 2 hours on lending standards for the nontraditional mortgage product marketplace. Other choices: the breakdown is statutory; continuing education ethics is 2 hours rather than the 3 required before licensing; and 20 hours is the prelicensing total. Source: Md. Fin. Inst. § 11-612(a)
Why This Is the Correct Answer
Before applying for renewal a licensee shall complete at least 8 hours of continuing education including 3 hours on federal law and regulations, 2 hours on ethics covering fraud, consumer protection and fair lending, and 2 hours on lending standards for the nontraditional mortgage product marketplace. Other choices: the breakdown is statutory; continuing education ethics is 2 hours rather than the 3 required before licensing; and 20 hours is the prelicensing total. Source: Md. Fin. Inst. § 11-612(a)
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