The state of Maryland modified provisions requiring an applicant for a mortgage lender license or a mortgage loan originator license to complete, sign, and submit an application in accordance with the process that the Commissioner requires. The amendments also make specified mortgage lender and mortgage loan originator license fees nonrefundable. Maryland further altered the specified reporting requirements for mortgage lender licensees, including requiring that the licensee show satisfaction of minimum net worth requirements within 90 days after the end of the licensee’s fiscal year. Licensed mortgage lenders must also submit quarterly call reports to the NMLS. These provisions are effective on July 1, 2012.