# Maryland SB 0784: Financial Institutions - Consumer Credit - Application of Licensing Requirements

Maryland SB 0784, Financial Institutions - Consumer Credit - Application of Licensing Requirements, is a 2026 Regular Session Senate bill sponsored by Carl Jackson (Democratic); status signed, last action 2026-04-14 (Approved by the Governor - Chapter 40) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0784-2026RS
- 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 0784
- State: Maryland
- Session: 2026 Regular Session
- Title: Financial Institutions - Consumer Credit - Application of Licensing Requirements
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-06
- Last action: 2026-04-14, Approved by the Governor - Chapter 40
- Sponsor: Carl Jackson (Democratic)
- Cosponsors: 0
- Subjects: Financial Institutions, Applicants and Applications, Credit, Financial Institutions -see also- Banks; Credit Unions; etc., Licenses -see also- AB Lic; Certifications; DrLic; Permits, Loans -see also- Credit; Mortgages; Scholarships&SFA, Mortgages
- Touches household money: no
- Roll calls: 2 (176 yes, 1 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New licensing rules for loan buyers: benefit, low. Beginning July 1, 2026, companies that buy or are assigned mortgages or installment loans must follow Maryland licensing rules unless they meet narrow exemptions. Mortgage or mortgage loan buyers are exempt only if they do not also make mortgages or engage in the mortgage lending business. Buyers o…

## Sponsors and cosponsors

- Sponsor: Carl Jackson (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-02 | House | Third Reading Passed | pass | 131 | 1 | 2 |
| 2026-03-12 | Senate | Third Reading Passed | pass | 45 | 0 |   |

## Actions (13)

- 2026-04-14: Approved by the Governor - Chapter 40
- 2026-04-03: Returned Passed (Senate)
- 2026-04-02: Third Reading Passed (131-1) (House)
- 2026-04-01: Favorable Adopted Second Reading Passed (House)
- 2026-04-01: Favorable Report by Economic Matters (House)
- 2026-03-16: Hearing 3/24 at 1:00 p.m. (House)
- 2026-03-13: Referred Economic Matters (House)
- 2026-03-12: Third Reading Passed (45-0) (Senate)
- 2026-03-10: Second Reading Passed (Senate)
- 2026-03-10: Favorable Adopted (Senate)
- 2026-03-09: Favorable Report by Finance (Senate)
- 2026-02-11: Hearing 2/26 at 1:00 p.m. (Senate)
- 2026-02-06: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-04-14: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_40_sb0784t.pdf)
- Third Reading, 2026-03-10: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0784t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0784f.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_40_sb0784t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0784t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0784f.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)
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Source: PRIA, https://policyrisk.com/state-bill/MD-SB0784-2026RS (as of 2026-10-19).