{"data":{"id":"us-md/md.-code-financial-institutions-11-619","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–619","heading":"","body":"(a) Each mortgage loan originator shall be covered by a surety bond in accordance with this section.\n(b) (1) A mortgage loan originator who is an employee of a person subject to licensure under Subtitle 5 of this title may use the surety bond of that person to meet the mortgage loan originator’s surety bond requirement.\n(2) A mortgage loan originator who is an employee of a person exempt from licensure under Subtitle 5 of this title may use a surety bond of the person to meet the mortgage loan originator’s surety bond requirement, provided the surety bond meets the requirements, based on mortgage loan volume, under § 11–508 of this title.\n(c) A licensee who is an affiliated insurance producer–mortgage loan originator shall be deemed in compliance with this section if the licensee:\n(1) Holds a surety bond that would satisfy the surety bond requirements under § 11–508 of this title if the affiliated insurance producer–mortgage loan originator were a licensee under Subtitle 5 of this title; or\n(2) Is covered under a blanket surety bond held by the financial institution or mortgage lender licensee identified in § 11–603.1(a)(3) of this subtitle if the blanket surety bond:\n(i) Covers all affiliated insurance producer–mortgage loan originators; and\n(ii) Is in the amount of $1,000,000 or another amount as required by the Commissioner by regulation.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-619","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"a6b044f748aedb68565dd5786bbb843b04e977678988edfa782d04cb986c5de7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-618","next":"us-md/md.-code-financial-institutions-11-620"},"notice":"GroundRules: Original legal text. Not legal advice."}