2025 Regular SessionMaryland Legislature

HB1516: Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

Legislative Summary

Providing that certain provisions of law governing the licensing of providers of certain financial services in the State do not apply to a certain trust that acquires or is assigned a certain mortgage 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.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/17/2025
First Reading House Rules and Executive Nominations
House of Delegates
3/6/2025
Rereferred to Economic Matters
House of Delegates
3/6/2025
Hearing 3/11 at 1:00 p.m.
House of Delegates
3/15/2025
Favorable Report by Economic Matters
House of Delegates
3/15/2025
Favorable Adopted Second Reading Passed
House of Delegates
3/17/2025
Third Reading Passed (99-37)
House of Delegates
3/17/2025
Referred Finance
Senate
4/3/2025
Favorable with Amendments Report by Finance
Senate
4/3/2025
Favorable with Amendments {793322/1 Adopted
Senate
4/3/2025
Second Reading Passed with Amendments
Senate
4/3/2025
Third Reading Passed (42-5)
Senate
4/7/2025
House Concurs Senate Amendments
House of Delegates
4/7/2025
Third Reading Passed (118-17)
House of Delegates
4/7/2025
Passed Enrolled
House of Delegates
4/22/2025
Approved by the Governor - Chapter 119
House of Delegates

Amendments

Favorable with Amendments 793322/1 Adopted

Favorable with Amendments 793322/1 Adopted

4/3/2025Adopted

Roll Call Votes

Third Reading Passed
4/7/2025
118
Yea
17
Nay
5
Not Voting
1
Absent
Result: PASSED
Third Reading Passed
4/3/2025
42
Yea
5
Nay
0
Not Voting
0
Absent
Result: PASSED
Third Reading Passed
3/17/2025
99
Yea
37
Nay
2
Not Voting
3
Absent
Result: PASSED

Status Information

Current Status
Passed(4/22/2025)
Chamber
House of Delegates

Sponsors

Democrat: 1

Primary Sponsor

Pamela Queen
Pamela Queen
Democrat

Documents

Chaptered
Bill Text4/24/2025211.9 KB
Enrolled
Bill Text4/8/2025229.8 KB
Engrossed
Bill Text3/16/2025115.9 KB
Introduced
Bill Text2/18/2025112.5 KB
Vote Image
Vote Image1/1/197052.9 KB
Vote Image
Vote Image1/1/197038.9 KB
Vote Image
Vote Image1/1/197037.1 KB