1. Marylands NMLS Transition Desktop Summaries This presentation contains currently-available information regarding the Commissioner's transition to the NMLS. It may be updated as necessary and should not be relied upon as legal advice.

2. Current Licensees (Expiration After 6/30/09 New Licensees (Exempt before 7/1/09) Employee of bank or subsidiary? New Licensees (De Novo) FormTransition / Renewal App.New Application - INTERIMNew Application TimingApply AT RENEWAL OR BEFOREApply PRIOR TO 7/31/09Apply ANYTIME WhereNMLS then MD to affiliate / payNMLS then MD to affiliate only Expiration of NEW license12/31/10 Pre-licensingComplete by 12/31/10 - 20 hoursComplete by 7/31/10 - 20 hoursImmediate - 20 hours TestingNone – until HUD so determinesComplete by 7/31/10 - begin 1/1/10Immediate- begin 1/1/10 Fingerprinting / Bkgrd ChkComplete by 12/31/10Complete by 7/31/10Immediate Credit ReportComplete by 12/31/10Complete by 7/31/10Immediate Surety BondComply through employer Status at IssueApproved Conditional – until reqts metApproved Deficient – until reqts metApproved Conditional – until tested Fees on NMLS SiteNMLS - $30 processing / $60 if 2009 MD - $225 – full fee / $450 if 2009 Investigation - $100 NMLS - $30 processing / $60 if 2009 MD - $225 – full fee / $450 if 2009 Investigation - $100 Fee on MD SiteMD - $225 - Pro-rated through 12/31/10ALL FEES PAID ON NMLS SITE YES Originator Must Register Through Bank Regulator NO Originator will fall into one of three categories Loan Originator

3. Current Licensees (Expiration After 6/30/09 New Licensees (De Novo) NMLS onlyNMLS then MD to payWhere Call Report when implemented Surety Bond / Net Worth 12/31/10 Expiration of NEW license MD - $1000 per yr -Pro-rated through 12/31/10Fee on MD Site MAIN - NMLS - $100 processing / $200 if 2009 Branch - NMLS - $20 processing / $40 if 2009 Fees on NMLS Site Apply ANYTIMEApply AT RENEWAL OR BEFORETiming SAME REQTS AS BEFORE FormNew ApplicationTransition / Renewal App. Mortgage Lender Call Report when implemented Surety Bond / Net Worth SAME REQTS AS BEFORE Call Report when implemented Surety Bond / Net Worth SAME REQTS AS BEFORE MAIN - NMLS - $100 processing / $200 if 2009 Branch - NMLS - $20 processing / $40 if 2009 MD - $1,000 full fee / $2,000 if 2009 MD Investigation fee - $100 ALL FEES PAID ON NMLS Office Type?? Main OfficeBranch Office Are Your Currently Licensed by MD? ** Main Office Must Transition First **