Legislation - SB1026

Title: Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
Sponsored by: Senator Beidle
Status: In the Senate - First Reading Senate Rules
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

Details

Emergency Bill

Cross-filed with: HB1516

Bill File Type: Regular

Effective Date(s): Upon Enactment

Creates a Task Force or Commission

History

Legislation History
Chamber Senate Calendar Date 2/17/2025 Legislative Date 2/06/2025 Action First Reading Senate Rules 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
Senate	2/17/2025	2/06/2025	First Reading Senate Rules
			Text - First - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

File Code

Subjects

Statutes