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Industry Advisories - Financial Regulation

The Office 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. Industry advisories provide time-sensitive regulatory notifications or policy-related guidance.

Most industry advisories are available on our website for two years or more 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 OFR advisories here. Please add “md-dllr-ocfr@info.maryland.gov” to your email contacts to help prevent OFR communications from being blocked by your email provider’s security features.

 2023 ADVISORIES

REGULATED ACTIVITY OR INDUSTRY

ISSUE DATE
(mm/dd/yyyy)

ADVISORY TITLE

TYPE OF ADVISORY
all licensed financial service providers 11/21/2023 RENEWAL REMINDERS (Maryland) guidance
mortgage servicing; debt collection; foreclosure 10/25/2023 Termination of the Homeowner Assistance Fund and Servicer Obligations guidance
student loan servicing 10/03/2023 Guidance on the Student Financing Company Act guidance
money transmission 09/28/2023 Notice of Reproposed Changes to Regulation: Money Transmitters notice
mortgage lending 09/27/2023 Notice of Proposed Regulation: Mortgage Examination notice
consumer lending 08/01/2023 Guidance on Earned Wage Access Products guidance
consumer lending;
mortgage lending		 07/31/2023 Guidance on Residential Property Service Agreements guidance
all licensed financial service providers 06/26/2023 Changes to Maryland Licensing Law Effective July 1, 2023 notice

money transmission

06/22/2023

Enforcement Actions by Maryland’s Attorney General: Potential Impact on Money Transmitter Licensure

guidance

consumer lending; mortgage lending

06/05/2023

Shared Appreciation Agreements – Interim Guidance

guidance

money transmission

02/28/2023

Notice of Proposed Changes to Regulation – Money Transmitters

notice

mortgage servicing; debt collection; foreclosure

01/05/2023

Notice of Final Action – Foreclosure Procedures for Residential Property – Changes Effective March 1, 2023

notice

* Amended and/or restated by a subsequent advisory.

Industry Advisories Issued Before the Current Calendar Year