Skip to Main Content

Industry Advisories - Financial Regulation

The Office of the Commissioner of Financial Regulation issues advisories for the industries and activities regulated by the Commissioner, including but not limited to licensed or registered financial service businesses and state-chartered financial institutions. Advisories provide time-sensitive regulatory notifications or policy-related guidance.

Most advisories are available for one to two years after issuance; certain policy-related advisories will remain indefinitely (or until they are determined to be no longer relevant). All advisories are downloadable as a pdf unless otherwise indicated.

Subscribe to receive OCFR advisories here.

COVID-19 Industry Guidance and Resources are available here.

 2021 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY

mortgage servicing

11/2/2021

Notice to Servicers: Maryland Homeowner Assistance Fund to Open Soon

guidance

mortgage servicing

10/14/2021

Reminder to Servicers: Property Inspection Fees Generally Prohibited

guidance

state-licensed financial service providers

09/08/2021

Reminder: Elimination of Paper Licenses and Changes in Maryland License Numbers

notice

collection agencies and consumer credit reporting agencies

09/08/2021

Real Property: Reusable Tenant Screening Reports

guidance

state-chartered banks and credit unions; supervised financial institutions

09/08/2021

Financial Institutions – Security Questions and Measures (second advisory with additional guidance)

guidance

money transmission

09/08/2021

Financial Institutions – Money Transmission (second advisory with additional guidance)

guidance

consumer and installment loan lenders; mortgage lenders, brokers, originators; sales financing companies; state-chartered banks and credit unions

09/02/2021

Evaluation Rules and Alternative Methods of Determining Creditworthiness

guidance

state-licensed financial service providers

09/02/2021

State Examination System (SES) Enrollment Process for Licensees: Maryland to Commence Use of SES in September, 2021

notice

mortgage lenders and brokers

08/19/2021 (original issuance 07/28/2021)

Employment of Mortgage Loan Originators: W-2 Compensation not Mandated under Maryland Law and Dual Capacity in Real Estate Sales - REVISED

guidance

state-chartered banks and credit unions; supervised financial institutions

07/29/2021

Financial Institutions – Security Questions and Measures

guidance

state-licensed financial service providers

07/21/2021

Elimination of Paper Licenses and Changes in Maryland License Numbers

notice

money transmission

07/15/2021

Financial Institutions – Money Transmission

guidance

state-chartered banks and credit unions

07/01/2021

Income Tax – Subtraction Modification – First–Time Homebuyer Savings Accounts

notice

state-chartered credit unions

07/01/2021

Credit Union General Powers (Federal Parity)

guidance

Mortgage Servicing; Debt Collection; Foreclosure

06/28/2021

Termination of COVID-19 Executive Orders: Reopening of the Notice of Intent to Foreclose Electronic System

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure

04/28/2021

Amended Regulatory Guidance Regarding Foreclosures – NOI UPDATE

COVID-19 Related

Mortgage Servicing; Debt Collection; Foreclosure

03/29/2021

Amended Regulatory Guidance Regarding Foreclosures - Update *

COVID-19 Related

Mortgage Lending and Brokering

03/01/2021

Maryland Mortgage Broker Agreement: Proper Issuance and Compliance

Guidance

Mortgage Servicing; Debt Collection; Foreclosure

02/22/2021

Amended Regulatory Guidance Regarding Foreclosures *

COVID-19 Related

Banking and Credit Unions

02/17/2021

Maryland RELIEF Act of 2021 Payments

COVID-19 Related

Money Transmission

01/29/2021

State Examination System (SES) Information: Communication to Maryland Money Transmission Licensees

Notice

Mortgage Servicing; Debt Collection; Foreclosure

01/28/2021

Regulatory Guidance Regarding Foreclosures *

COVID-19 Related

General (All)

01/22/2021

Emergency Regulations for State-Regulated Entities: Permitting Remote Work for Employees at Certain Locations

Notice

Consumer and Credit Reporting

01/22/2021

Credit Reporting Agencies Registration Requirements and Compliance Procedures

Guidance

* Amended and/or restated by a subsequent advisory.

Industry Advisories Issued Before the Current Calendar Year