All Roll Calls
Yes: 170 • No: 1
MarylandSB 02612026 Regular SessionSenateWALLET
Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Sponsored By: Pamela Beidle (Democratic)
Signed by Governor
Financial InstitutionsAgents and BrokersElectronic Funds TransferFinancial Institutions -see also- Banks; Credit Unions; etc.Salaries and Compensation -see also- Overtime; Reimb. Rates
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Payroll processors exempt from transmitter license
Beginning October 1, 2026, some payroll processors do not need a Maryland money transmitter license. To qualify, the processor must be an agent of the payor under a written agreement. The payor must tell employees and other payees that the agent runs payroll for the payor. If the agent fails to send the money, the payor still owes the employee or payee.
Bill-pay and mortgage services licensed
Beginning October 1, 2026, Maryland expands who counts as a money transmitter. Companies that run bill payer or accelerated mortgage payment services must be licensed and follow state rules. This adds compliance costs for those businesses and gives users clearer protections.
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Sponsors & Cosponsors
Sponsor
Pamela Beidle
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/10/2026
Third Reading Passed
Yes: 129 • No: 1 • Other: 11
Senate vote • 2/19/2026
Third Reading Passed
Yes: 41 • No: 0 • Other: 4
Actions Timeline
Approved by the Governor - Chapter 21
4/14/2026Returned Passed
4/10/2026SenateThird Reading Passed (129-1)
4/10/2026HouseSecond Reading Passed
4/8/2026HouseMotion Special Order until Next Session (Delegate Hornberger) Adopted
4/8/2026HouseFavorable Adopted
4/8/2026HouseFavorable Report by Economic Matters
4/8/2026HouseHearing 3/24 at 1:00 p.m.
3/19/2026HouseReferred Economic Matters
2/20/2026HouseThird Reading Passed (41-0)
2/19/2026SenateSecond Reading Passed
2/17/2026SenateFavorable Adopted
2/17/2026SenateFavorable Report by Finance
2/16/2026SenateHearing 2/05 at 1:00 p.m.
1/21/2026SenateFirst Reading Finance
1/19/2026Senate
Bill Text
Enacted
4/14/2026
Third Reading
2/17/2026
First Reading
1/19/2026
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