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SB 261

Maryland Senate bill in Session 2026.

Status: enacted. Latest action: May 15, 2026.

Maryland Money Transmission Act - Definition of Money Transmitter - Alteration.

Bill ID MD-2026-SB-261
Session 2026
Status enacted
Committee Finance; Economic Matters
Senate enacted 2026-05-15
Business / Commerce
Summary

Altering, for a certain licensing requirement, the definition of "money transmitter" under the Maryland Money Transmission Act to exclude a certain person designated as an agent of a payor for the purpose of the agent's provision of payroll processing services under certain circumstances.

Sponsor
Senator Beidle
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-19 Introduced Bill introduced
2026-05-15 Status enacted
2026-05-15 Latest Action Approved by the Governor - Chapter 21
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