Maryland House Bill 1516

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 17 2025 - 25% progression
Action: 2025-02-17 - First Reading House Rules and Executive Nominations
Pending: House Rules and Executive Nominations Committee
Text: Latest bill text (Introduced) [PDF]

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.

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

Del. Pamela Queen [D]

Date	Chamber	Action
2025-02-17	House	First Reading House Rules and Executive Nominations

SB1026 (Crossfiled) 2025-02-17 - First Reading Senate Rules

Chapter	Article	Section	Citation Type	Statute Text
Financial Institutions	1	101	(n/a)	See Bill Text
Financial Institutions	11	102	(n/a)	See Bill Text
Financial Institutions	11	301	(n/a)	See Bill Text
Financial Institutions	11	501	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1516?ys=2025RS
Text	https://mgaleg.maryland.gov/2025RS/bills/hb/hb1516f.pdf