Legislation - SB0261

Title: Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Sponsored by: Senator Beidle
Status: In the Senate - Hearing 2/05 at 1:00 p.m.
Analysis

Synopsis

Altering, for a certain licensing requirement, the definition of "money transmitter" under the Maryland Money Transmission Act to exclude a certain person designated as an agent of a payor for the purpose of the agent's provision of payroll processing services under certain circumstances.

Committees

Original:: Finance

Details

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/19/2026 Legislative Date 1/19/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration Proceedings
Chamber Senate Calendar Date 1/21/2026 Legislative Date 1/21/2026 Action Hearing 2/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/19/2026	1/19/2026	First Reading Finance
			Text - First - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Senate	1/21/2026	1/21/2026	Hearing 2/05 at 1:00 p.m.

File Code

Subjects

Statutes