A Maryland originator applicant in 2026 asks how much prelicensing education is required. What statutory baseline total and subject minimums apply, apart from any additional state-specific course requirement?
Correct Answer
A) At least 20 hours, including 3 federal, 3 ethics and 2 nontraditional
An applicant shall complete at least 20 hours of prelicensing education including 3 hours on federal law and regulations, 3 hours on ethics covering fraud, consumer protection and fair lending, and 2 hours on lending standards and loan terms for nontraditional mortgage products. Other choices: the content breakdown is set by statute; prelicensing ethics is 3 hours rather than the 2 required for continuing education; and the total is 20 rather than 24. Source: Md. Fin. Inst. § 11-606(a)
Why This Is the Correct Answer
An applicant shall complete at least 20 hours of prelicensing education including 3 hours on federal law and regulations, 3 hours on ethics covering fraud, consumer protection and fair lending, and 2 hours on lending standards and loan terms for nontraditional mortgage products. Other choices: the content breakdown is set by statute; prelicensing ethics is 3 hours rather than the 2 required for continuing education; and the total is 20 rather than 24. Source: Md. Fin. Inst. § 11-606(a)
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