Skip to main content
Menu Icon
Close

InfoBytes Blog

Financial Services Law Insights and Observations

Maryland Commissioner of Financial Regulation issues Covid-19 guidance

State Issues Examination Covid-19 Mortgages Licensing Maryland

State Issues

On March 13, the Maryland Commissioner of Financial Regulation issued a bulletin advising that regulated entities should have a comprehensive disaster recovery plan in place that identifies how they will respond to various disasters and emergencies. The bulletin also identifies questions received from regulated entities and the Commissioner’s responses. Specifically, the Commissioner responded to questions regarding working from unlicensed locations, preferred methods of communication with the Commissioner, and notification to the Commissioner if a licensed business is closed because of mass quarantines during any part of an examination.