All Roll Calls
Yes: 180 • No: 0
MarylandHB 01182026 Regular SessionHouseWALLET
Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Sponsored By: Pam Queen (Democratic)
Signed by Governor
Financial InstitutionsElectronic Funds TransferFinancial Institutions -see also- Banks; Credit Unions; etc.Licenses -see also- AB Lic; Certifications; DrLic; PermitsSalaries and Compensation -see also- Overtime; Reimb. Rates
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Payroll processors carved out of licensing
Beginning October 1, 2026, a payroll processor is not a money transmitter if three rules are met. There is a written agreement naming the agent to run payroll. The employer tells employees and other payees the agent acts for the employer. The employer still owes the payee if the agent fails to send money. This reduces licensing needs for payroll agents and keeps pay protections in place.
Bill-pay and mortgage services need licenses
Beginning October 1, 2026, Maryland treats anyone doing covered payment handling as a money transmitter, even if unlicensed. Bill-pay services and accelerated mortgage payment services are included. Providers must get a Maryland money transmitter license and follow state rules. Users, including homeowners, get protections that come with licensed services.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & Cosponsors
Sponsor
Pam Queen
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/8/2026
Third Reading Passed
Yes: 44 • No: 0 • Other: 2
House vote • 2/26/2026
Third Reading Passed
Yes: 136 • No: 0 • Other: 5
Actions Timeline
Approved by the Governor - Chapter 20
4/14/2026Returned Passed
4/9/2026HouseThird Reading Passed (44-0)
4/8/2026SenateSecond Reading Passed
4/7/2026SenateFavorable Adopted
4/7/2026SenateFavorable Report by Finance
4/6/2026SenateHearing 3/24 at 1:00 p.m.
3/18/2026SenateReferred Finance
2/27/2026SenateThird Reading Passed (136-0)
2/26/2026HouseFavorable Adopted Second Reading Passed
2/25/2026HouseFavorable Report by Economic Matters
2/24/2026HouseHearing 2/03 at 1:30 p.m.
2/3/2026HouseHearing canceled
2/3/2026HouseHearing 2/03 at 1:00 p.m.
1/19/2026HouseFirst Reading Economic Matters
1/14/2026HousePre-filed
10/30/2025House
Bill Text
Enacted
4/14/2026
Third Reading
2/25/2026
First Reading
1/14/2026
Related Bills
SB 1007 — Prior Authorizations of State Debt - Alterations
SB 0940 — Environment - Water Quality Testing - Secondary Maximum Contaminant Levels Action Plan
SB 0915 — State Board of Physicians - Delegation of Duties - Alterations
SB 0777 — Labor and Employment - Workforce Development - Hospital Employee Retraining and Placement Program and Workforce Development and Local Workforce Development Boards (Local Workforce Solutions Investment Act)
SB 0772 — Maryland Department of Health - Employment Training and Opportunity Database
SB 0742 — Maryland Medical Assistance Program and Developmental Disabilities Administration - Home- and Community-Based Services Eligibility Determinations (Maryland Protecting People With Disabilities Act)
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in