Maryland House Bill 38

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on May 12 2026 - 100% progression
Action: 2026-05-12 - Approved by the Governor - Chapter 512
Text: Latest bill text (Chaptered) [PDF]

Altering the licensing requirements for an affiliated insurance producer-mortgage loan originator; and requiring the Commissioner of Financial Regulation to approve a certain financial institution that meets certain criteria or certain mortgage lenders that meet certain criteria to sponsor an affiliated insurance producer-mortgage loan originator if the mortgage lender is in good standing with the Commissioner and any other regulator to which it is subject and is in material compliance with applicable state and federal law.

Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations

Del. Pamela Queen [D]

2026-04-13 - Senate - Third Reading Passed (Y: 43 N: 0 NV: 3 Abs: 1) [PASS]
2026-02-26 - House - Third Reading Passed (Y: 136 N: 0 NV: 0 Abs: 5) [PASS]

Date	Chamber	Action
2026-05-12	House	Approved by the Governor - Chapter 512
2026-04-13	House	Returned Passed
2026-04-13	Senate	Third Reading Passed (43-0)
2026-04-09	Senate	Second Reading Passed
2026-04-09	Senate	Favorable Adopted
2026-04-09	Senate	Favorable Report by Finance
2026-03-18	Senate	Hearing 3/24 at 1:00 p.m.
2026-02-27	Senate	Referred Finance
2026-02-26	House	Third Reading Passed (136-0)
2026-02-25	House	Second Reading Passed with Amendments
2026-02-25	House	Favorable with Amendments {153228/1 Adopted
2026-02-24	House	Favorable with Amendments Report by Economic Matters
2026-02-03	House	Hearing 2/03 at 1:30 p.m.
2026-02-03	House	Hearing canceled
2026-01-19	House	Hearing 2/03 at 1:00 p.m.
2026-01-14	House	First Reading Economic Matters
2025-10-28	House	Pre-filed

Chapter	Article	Section	Citation Type	Statute Text
Financial Institutions	11	603.1	(n/a)	See Bill Text
Financial Institutions	11	619	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0038?ys=2026RS
Text	https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038f.pdf
Text	https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038t.pdf
Text	https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_512_hb0038t.pdf
Amendment	https://mgaleg.maryland.gov/2026RS/amds/bil_0008/hb0038_15322801.pdf
Supplement	https://mgaleg.maryland.gov/2026RS/votes_comm/hb0038_ecm.pdf
Supplement	https://mgaleg.maryland.gov/2026RS/votes_comm/hb0038_fin.pdf
Roll Call	https://mgaleg.maryland.gov/2026RS/votes/House/0194.pdf
Roll Call	https://mgaleg.maryland.gov/2026RS/votes/Senate/1161.pdf