Legislation - HB1516

Title: Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
Sponsored by: Delegate Queen
Status: Approved by the Governor - Chapter 119
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing that certain provisions of law governing the licensing of providers of certain financial services in the State do not apply to a certain trust that acquires or is assigned a certain mortgage loan under certain circumstances; establishing the Maryland Licensing Workgroup to study and make recommendations on licensing requirements for persons that provide financial services in the State; and requiring the Workgroup to report to the Governor and the General Assembly by December 31, 2025.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Committee Testimony

Witness List

Details

Emergency Bill

Cross-filed with: SB1026

Bill File Type: Regular

Effective Date(s): Upon Enactment

Creates a Task Force or Commission

History

Legislation History
Chamber House Calendar Date 2/17/2025 Legislative Date 2/17/2025 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025) Proceedings
Chamber House Calendar Date 3/06/2025 Legislative Date 3/06/2025 Action Rereferred to Economic Matters Proceedings
Chamber House Calendar Date 3/06/2025 Legislative Date 3/06/2025 Action Hearing 3/11 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/15/2025 Legislative Date 3/15/2025 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/15/2025 Legislative Date 3/06/2025 Action Favorable Adopted Second Reading Passed Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025) Proceedings
Chamber House Calendar Date 3/17/2025 Legislative Date 3/08/2025 Action Third Reading Passed (99-37) Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 3/02/2025 Action Referred Finance Proceedings 50 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2025 Legislative Date 4/03/2025 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/03/2025 Legislative Date 3/16/2025 Action Favorable with Amendments {793322/1 Adopted Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2025 Legislative Date 3/16/2025 Action Second Reading Passed with Amendments Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2025 Legislative Date 3/17/2025 Action Third Reading Passed (42-5) Proceedings 65 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/24/2025 Action House Concurs Senate Amendments Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/24/2025 Action Third Reading Passed (118-17) Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/24/2025 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025) Proceedings
Chamber Post Passage Calendar Date 4/22/2025 Legislative Date 4/22/2025 Action Approved by the Governor - Chapter 119 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/17/2025	2/17/2025	First Reading House Rules and Executive Nominations
			Text - First - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
House	3/06/2025	3/06/2025	Rereferred to Economic Matters
House	3/06/2025	3/06/2025	Hearing 3/11 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/15/2025	3/15/2025	Favorable Report by Economic Matters
House	3/15/2025	3/06/2025	Favorable Adopted Second Reading Passed	46 Click to view Recorded Media
			Text - Third - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
House	3/17/2025	3/08/2025	Third Reading Passed (99-37)	48 Click to view Recorded Media
Senate	3/17/2025	3/02/2025	Referred Finance	50 Click to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/03/2025	4/03/2025	Favorable with Amendments Report by Finance
Senate	4/03/2025	3/16/2025	Favorable with Amendments {793322/1 Adopted	64 Click to view Recorded Media
Senate	4/03/2025	3/16/2025	Second Reading Passed with Amendments	64 Click to view Recorded Media
Senate	4/03/2025	3/17/2025	Third Reading Passed (42-5)	65 Click to view Recorded Media
House	4/07/2025	3/24/2025	House Concurs Senate Amendments	64 Click to view Recorded Media
House	4/07/2025	3/24/2025	Third Reading Passed (118-17)	64 Click to view Recorded Media
House	4/07/2025	3/24/2025	Passed Enrolled
			Text - Enrolled - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
Post Passage	4/22/2025	4/22/2025	Approved by the Governor - Chapter 119
			Text - Chapter - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

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