A Maryland originator let the license lapse in 2020 and applies again in 2026. Assuming no intervening time as a registered bank originator, must the applicant retake the test?
Correct Answer
C) Retake the test: the gap is 5 years or longer
A licensee who fails to renew and maintain a valid license for a period of 5 years or longer shall retake the test and achieve a passing grade before obtaining a new license. Other choices: the return is not a renewal; the trigger is 5 years rather than 2; and making up continuing education does not substitute. Source: Md. Fin. Inst. § 11-606.1(f)(1)
Why This Is the Correct Answer
A licensee who fails to renew and maintain a valid license for a period of 5 years or longer shall retake the test and achieve a passing grade before obtaining a new license. Other choices: the return is not a renewal; the trigger is 5 years rather than 2; and making up continuing education does not substitute. Source: Md. Fin. Inst. § 11-606.1(f)(1)
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