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Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Maryland or anyone looking to become a mortgage broker in Maryland. The Maryland Department of Labor, Licensing and Regulation (DLLR), division of Financial Regulation , issues a financial regulation license that covers the Mortgage Brokering business. A separate license is not required for second mortgages. Applicants who desire to become a Mortgage Broker in Maryland must have at least three years of mortgage banking experience. They pay a non-refundable $100 Investigation Fee, plus an initial License Fee of $1,000. They also provide a Surety Bond ranging from $15,000 to $75,000 depending on the dollar volume of loans during the prior 36 months. Current audited financial...