Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

SB 1026 Financial Institutions Consumer Credit Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

Maryland 2025 Regular Session

Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
SB-1026


About SB-1026

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.

  

Bill Texts

Engrossed 03/14/2025

Introduced 02/18/2025

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History

Third Reading Passed (44-0)

03/17/2025

Referred Economic Matters

03/17/2025

Favorable With Amendments Report By Finance

03/14/2025

Favorable With Amendments {133727/1

03/14/2025

Motion Laid Over (senator Sydnor) Adopted

03/14/2025

Favorable With Amendments {133727/1 Adopted

03/14/2025

Second Reading Passed With Amendments

03/14/2025

Rereferred To Finance

03/06/2025

Hearing 3/11 At 1:00 P.m.

03/06/2025

First Reading Senate Rules

02/17/2025

First Reading Senate Rules

02/06/2025