Maryland Code, FINANCIAL INSTITUTIONS 11-621
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-621
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
Nonfederally insured credit unions that employ mortgage loan originators shall register these employees with the Nationwide Mortgage Licensing System and Registry by providing the information concerning the employees’ identity set forth in 12 U.S.C. § 5106(a)(2).