MD SB261 | 2026 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on April 14 2026 - 100% progression
Action: 2026-04-14 - Approved by the Governor - Chapter 21
Text: Latest bill text (Chaptered) [PDF]

Summary

Altering, for a certain licensing requirement, the definition of "money transmitter" under the Maryland Money Transmission Act to exclude a certain person designated as an agent of a payor for the purpose of the agent's provision of payroll processing services under certain circumstances.

Tracking Information

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Title

Maryland Money Transmission Act - Definition of Money Transmitter - Alteration

Sponsors


Roll Calls

2026-04-10 - House - Third Reading Passed (Y: 129 N: 1 NV: 7 Abs: 4) [PASS]
2026-02-19 - Senate - Third Reading Passed (Y: 41 N: 0 NV: 2 Abs: 4) [PASS]

History

DateChamberAction
2026-04-14SenateApproved by the Governor - Chapter 21
2026-04-10SenateReturned Passed
2026-04-10HouseThird Reading Passed (129-1)
2026-04-08HouseSecond Reading Passed
2026-04-08HouseMotion Special Order until Next Session (Delegate Hornberger) Adopted
2026-04-08HouseFavorable Adopted
2026-04-08HouseFavorable Report by Economic Matters
2026-03-19HouseHearing 3/24 at 1:00 p.m.
2026-02-20HouseReferred Economic Matters
2026-02-19SenateThird Reading Passed (41-0)
2026-02-17SenateSecond Reading Passed
2026-02-17SenateFavorable Adopted
2026-02-16SenateFavorable Report by Finance
2026-01-21SenateHearing 2/05 at 1:00 p.m.
2026-01-19SenateFirst Reading Finance

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Financial Institutions12401(n/a)See Bill Text

Maryland State Sources


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