HB 38·MD·house
Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations
Signed into LawFiled Oct 28, 2025
Sponsor: Queen
Latest Action
Approved by the Governor - Chapter 512
May 12, 2026
Summary
The bill revises how an individual who is both a licensed insurance producer and a mortgage loan originator can be licensed in Maryland. It requires the state Commissioner of Financial Regulation to approve the bank or mortgage lender that sponsors the individual, and sets strict limits on the originator’s activities. The changes aim to ensure better oversight and consumer protection.
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