Legislation - HB0038

Title: Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations
Sponsored by: Delegate Queen
Status: In the Senate - First Reading Finance
Analysis: Fiscal and Policy Note

Synopsis

Altering the licensing requirements for an affiliated insurance producer-mortgage loan originator; and requiring the Commissioner of Financial Regulation to approve a certain financial institution that meets certain criteria or certain mortgage lenders that meet certain criteria to sponsor an affiliated insurance producer-mortgage loan originator if the mortgage lender is in good standing with the Commissioner and any other regulator to which it is subject and is in material compliance with applicable state and federal law.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 10/28/2025 Legislative Date 10/28/2025 Action Pre-filed Proceedings
Chamber House Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alteration Proceedings
Chamber House Calendar Date 1/19/2026 Legislative Date 1/19/2026 Action Hearing 2/03 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/03/2026 Legislative Date 2/03/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/03/2026 Legislative Date 2/03/2026 Action Hearing 2/03 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/24/2026 Legislative Date 2/24/2026 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 2/25/2026 Legislative Date 2/19/2026 Action Favorable with Amendments {153228/1 Adopted Proceedings 28 Click to view Recorded Media
Chamber House Calendar Date 2/25/2026 Legislative Date 2/19/2026 Action Second Reading Passed with Amendments Proceedings 28 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations Proceedings
Chamber House Calendar Date 2/26/2026 Legislative Date 2/20/2026 Action Third Reading Passed (136-0) Proceedings 29 Click to view Recorded Media
Chamber Senate Calendar Date 2/27/2026 Legislative Date 2/19/2026 Action Referred Finance Proceedings 30 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	10/28/2025	10/28/2025	Pre-filed
House	1/14/2026	1/14/2026	First Reading Economic Matters
			Text - First - Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alteration
House	1/19/2026	1/19/2026	Hearing 2/03 at 1:00 p.m.
House	2/03/2026	2/03/2026	Hearing canceled
House	2/03/2026	2/03/2026	Hearing 2/03 at 1:30 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/24/2026	2/24/2026	Favorable with Amendments Report by Economic Matters
House	2/25/2026	2/19/2026	Favorable with Amendments {153228/1 Adopted	28 Click to view Recorded Media
House	2/25/2026	2/19/2026	Second Reading Passed with Amendments	28 Click to view Recorded Media
			Text - Third - Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations
House	2/26/2026	2/20/2026	Third Reading Passed (136-0)	29 Click to view Recorded Media
Senate	2/27/2026	2/19/2026	Referred Finance	30 Click to view Recorded Media

File Code

Subjects

Statutes