# Maryland HB 0038: Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations Maryland HB 0038, Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations, is a 2026 Regular Session House bill sponsored by Pam Queen (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 512) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MD-HB0038-2026RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maryland HB 0038 - State: Maryland - Session: 2026 Regular Session - Title: Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations - Status: signed - Chamber: House - Introduced: 2025-10-28 - Last action: 2026-05-12, Approved by the Governor - Chapter 512 - Sponsor: Pam Queen (Democratic) - Cosponsors: 0 - Subjects: Financial Institutions, Commercial Law - Credit Regulation, Bonds -see also- County & Baltimore City Bonds; State Bonds, Financial Institutions -see also- Banks; Credit Unions; etc., Identification -see also- Biometrics; Fingerprinting; DrLics, Insurance Administration, Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins, Licenses -see also- AB Lic; Certifications; DrLic; Permits, Mortgages - Touches household money: no - Roll calls: 2 (179 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Affiliated insurance agents can originate mortgages: benefit, low. Beginning October 1, 2026, licensed insurance producers with an appointment from an affiliated insurer can originate mortgage loans for one sponsoring bank or lender. The sponsor must be named in your license application and approved by the Maryland Commissioner of Financial Regulation. You may ori… - License goes inactive when sponsorship ends: cost, medium. Beginning October 1, 2026, your license application must name your sponsoring bank or lender and be sponsored by its authorized representative. If your sponsorship ends, you must tell the Commissioner within 10 business days and update NMLS. Your license moves to nonactive status until a new approv… - Sponsors must supervise and carry bonds: mixed, low. Beginning October 1, 2026, a sponsoring bank or lender must supervise the affiliated producer’s mortgage work and provide direction and checks. The sponsor is jointly and severally liable for claims from the producer’s origination activities. The sponsor must meet surety bond rules. A producer meet… ## Sponsors and cosponsors - Sponsor: Pam Queen (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-13 | Senate | Third Reading Passed | pass | 43 | 0 | 3 | | 2026-02-26 | House | Third Reading Passed | pass | 136 | 0 | | ## Actions (17) - 2026-05-12: Approved by the Governor - Chapter 512 - 2026-04-13: Returned Passed (House) - 2026-04-13: Third Reading Passed (43-0) (Senate) - 2026-04-09: Second Reading Passed (Senate) - 2026-04-09: Favorable Adopted (Senate) - 2026-04-09: Favorable Report by Finance (Senate) - 2026-03-18: Hearing 3/24 at 1:00 p.m. (Senate) - 2026-02-27: Referred Finance (Senate) - 2026-02-26: Third Reading Passed (136-0) (House) - 2026-02-25: Second Reading Passed with Amendments (House) - 2026-02-25: Favorable with Amendments {153228/1 Adopted (House) - 2026-02-24: Favorable with Amendments Report by Economic Matters (House) - 2026-02-03: Hearing 2/03 at 1:30 p.m. (House) - 2026-02-03: Hearing canceled (House) - 2026-01-19: Hearing 2/03 at 1:00 p.m. (House) - 2026-01-14: First Reading Economic Matters (House) - 2025-10-28: Pre-filed (House) ## Bill text - Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_512_hb0038t.pdf) - Third Reading, 2026-02-25: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038t.pdf) - First Reading, 2026-01-14: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038f.pdf) ## Related bills - SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law) - SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law) - SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law) - SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law) - SB 0016: Child Support - Earnings Withholdings Limits (became law) - HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law) ## Sources - [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_512_hb0038t.pdf) - [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038t.pdf) - [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0038f.pdf) ## Related - [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS) - [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS) - [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS) - [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS) - [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS) - [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS) - [Maryland bills](https://policyrisk.com/states/maryland/bills) - [Maryland state hub](https://policyrisk.com/states/maryland) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MD-HB0038-2026RS (as of 2026-10-19).