Recent Maryland legislation has removed the exemption for affiliates and subsidiaries of federally chartered institutions from Mortgage Lender License requirements. Effective January 1, 2013, such affiliates or subsidiaries that were previously exempt must be licensed as Mortgage Lenders to conduct Maryland mortgage lending business unless some other exemption applies. Maryland has additionally removed the de minimis exemption for a person who makes three or fewer mortgage loans, or for a broker who makes no more than one mortgage loan, per calendar year. Also effective January 1, 2013, such individuals must be licensed as Mortgage Lenders unless some other exemption applies.