# Maryland SB 0261: Maryland Money Transmission Act - Definition of Money Transmitter - Alteration

Maryland SB 0261, Maryland Money Transmission Act - Definition of Money Transmitter - Alteration, is a 2026 Regular Session Senate bill sponsored by Pamela Beidle (Democratic); status signed, last action 2026-04-14 (Approved by the Governor - Chapter 21) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0261-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0261
- State: Maryland
- Session: 2026 Regular Session
- Title: Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
- Status: signed
- Chamber: Senate
- Introduced: 2026-01-19
- Last action: 2026-04-14, Approved by the Governor - Chapter 21
- Sponsor: Pamela Beidle (Democratic)
- Cosponsors: 0
- Subjects: Financial Institutions, Agents and Brokers, Electronic Funds Transfer, Financial Institutions -see also- Banks; Credit Unions; etc., Salaries and Compensation -see also- Overtime; Reimb. Rates
- Touches household money: no
- Roll calls: 2 (170 yes, 1 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Payroll processors exempt from transmitter license: benefit, medium. 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 sen…
- Bill-pay and mortgage services licensed: mixed, medium. 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.

## Sponsors and cosponsors

- Sponsor: Pamela Beidle (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-10 | House | Third Reading Passed | pass | 129 | 1 | 7 |
| 2026-02-19 | Senate | Third Reading Passed | pass | 41 | 0 | 2 |

## Actions (15)

- 2026-04-14: Approved by the Governor - Chapter 21
- 2026-04-10: Returned Passed (Senate)
- 2026-04-10: Third Reading Passed (129-1) (House)
- 2026-04-08: Second Reading Passed (House)
- 2026-04-08: Motion Special Order until Next Session (Delegate Hornberger) Adopted (House)
- 2026-04-08: Favorable Adopted (House)
- 2026-04-08: Favorable Report by Economic Matters (House)
- 2026-03-19: Hearing 3/24 at 1:00 p.m. (House)
- 2026-02-20: Referred Economic Matters (House)
- 2026-02-19: Third Reading Passed (41-0) (Senate)
- 2026-02-17: Second Reading Passed (Senate)
- 2026-02-17: Favorable Adopted (Senate)
- 2026-02-16: Favorable Report by Finance (Senate)
- 2026-01-21: Hearing 2/05 at 1:00 p.m. (Senate)
- 2026-01-19: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-04-14: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_21_sb0261t.pdf)
- Third Reading, 2026-02-17: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0261t.pdf)
- First Reading, 2026-01-19: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0261f.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_21_sb0261t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0261t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0261f.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-SB0261-2026RS (as of 2026-10-19).