Legislation - HB1516

Title: Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
Sponsored by: Delegate Queen
Status: In the House - First Reading House Rules and Executive Nominations
Analysis

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 person that acquires or is assigned a certain mortgage, mortgage loan, or installment 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:: Rules and Executive Nominations

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	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)

File Code

Subjects

Statutes