Maryland Money Transmission Act - Definition of Money Transmitter - Alteration

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

HB 118 changes Maryland’s Money Transmission Act so that a person acting as an agent of a payor to provide payroll processing services is no longer classified as a money transmitter, provided specific written agreements are in place. This exemption means those agents won’t need a money‑transmitter license. The change takes effect on October 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Finance — Bill Hearing
  Finance · Mar 24, 2026
• Senate Finance Committee
  Senate Finance Committee · Mar 24, 2026
• Economic Matters — Bill Hearing
  Economic Matters · Feb 3, 2026

History

1. Apr 14, 2026Approved by the Governor - Chapter 20
2. Apr 9, 2026Returned Passed
3. Apr 8, 2026Third Reading Passed
4. Apr 7, 2026Second Reading Passed
5. Apr 7, 2026Favorable Adopted
6. Apr 6, 2026Favorable Report by Finance
7. Mar 18, 2026Hearing 3/24 at 1:00 p.m.
8. Feb 27, 2026Referred Finance
9. Feb 26, 2026Third Reading Passed
10. Feb 25, 2026Favorable Adopted Second Reading Passed
11. Feb 24, 2026Favorable Report by Economic Matters
12. Feb 3, 2026Hearing canceled

The 12 most recent of 16 recorded actions.

Sponsors

• Queen · sponsor

Bill text

Opens the legislature’s own copy.

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