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Coronavirus/COVID-19: Industry Guidance and Resources - Financial Regulation

(This page is updated regularly. Last update November 9, 2020.)

The Office of the Commissioner of Financial Regulation (OCFR) recognizes the impact of the new coronavirus/COVID-19 public health emergency on the customers and operations of financial institutions and financial services businesses in Maryland. OCFR encourages financial institutions and businesses to meet the needs of affected customers and communities. We will continue to provide appropriate regulatory guidance and assistance as needed.

COVID-19 INDUSTRY ADVISORIES ISSUED BY OCFR

Date Issued

Advisory Title

November 9, 2020

Governor Hogan’s Executive Order Number 2020-10-16-01: FAQs Regarding Foreclosure and Repossession

October 16, 2020

Foreclosure Update: New Executive Order Issued By Governor Hogan

October 16, 2020

Repossessions Update: New Executive Order Issued By Governor Hogan

July 15, 2020

Information on Identification Requirements for Customers of Non-Depository Financial Services Providers: Maryland Extended Deadline for License Renewals

July 15, 2020

Information on Identification Requirements for Customers of Depository Institutions: Maryland Extended Deadline for License Renewals

May 11, 2020

Collection Agencies Ceasing Activity

May 4, 2020

Interpretive Guidance from the Governor’s Office of Legal Counsel Regarding Garnishment of CARES Act Recovery Rebates (ISSUED BY THE GOVERNOR’S OFFICE)

April 30, 2020

CARES Act Relief Payments: COVID-19 Pandemic Guidance for Non-Depository Financial Services Providers

April 30, 2020

CARES Act Relief Payments: COVID-19 Pandemic Guidance for Depository Institutions (REVISED)

April 17, 2020

Legal Lending Limit: COVID-19 Pandemic Guidance

April 6, 2020

Executive Order Regarding Notices of Intent to Foreclose

April 6, 2020

Executive Order Regarding Repossessions

March 31, 2020

Executive Order Authorizes Remote Notarization: Mortgage Lenders Encouraged To Implement Remote Closings

March 27, 2020

Guidance Regarding Consumer Credit: Borrowers Impacted by the COVID-19 Health Emergency

March 24 2020

Guidance to Mortgage Servicers: Borrowers Impacted by the COVID-19 Health Emergency

March 19, 2020

Statement on Financial Institutions Working with Customers Affected by the Coronavirus

March 19, 2020

Foreclosure of Residential Property Stayed

March 13, 2020

Emergency and Disaster Preparation for Maryland Licensed Mortgage Brokers, Lenders and Servicers

Read all Industry Advisories

CONTACT US

See the Contact Us page for OCFR e-mails and phone numbers.

If you are unsure which unit to contact or have a general inquiry, please e-mail DLFRFinReg-LABOR@maryland.gov or call 410-230-6100.

GUIDANCE FROM REGULATORY ASSOCIATIONS

MORE INDUSTRY RESOURCES

Maryland Coronavirus (COVID-19) Information for Business

CSBS Information on COVID-19 Coronavirus

NMLS Coronavirus/COVID-19 Updates

Board of Governors of the Federal Reserve System – Coronavirus (COVID-19)

FDIC Coronavirus (COVID-19) Information for Bankers and Consumers

NCUA Coronavirus (COVID-19) Information for Federally Insured Credit Unions

OCC Coronavirus (COVID-19) Information and Supervisory Guidance

Return to the main Coronavirus/COVID-19 Information page