Effective July 1, 2000, new regulations went into effect requiring continuing education for certain individuals working in the mortgage business. Listed below are highlights of the new regulations. Any questions may be directed to George Kinsel at (410) 230-6086.

CONTINUING EDUCATION REQUIREMENTS

All "covered" employees defined as the manager of each branch office maintained by a licensee and all employees who have the authority to accept loan applications, and as part of their official duties, directly contact borrowers to negotiate or advise regarding loan terms must satisfy the continuing education requirements during each licensing period.