Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)
What this bill does
Providing that certain provisions of law governing the licensing of providers of certain financial services in the State do not apply to a certain trust that acquires or is assigned a certain mortgage loan under certain circumstances; establishing the Maryland Licensing Workgroup to study and make recommendations on licensing requirements for persons that provide financial services in the State; and requiring the Workgroup to report to the Governor and the General Assembly by December 31, 2025.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Richards, Evanlobbyist | Maryland Bankers Association | Written (PDF) |
| FAV | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Salazar, Commissioner Tony | Office of Financial Regulations | Oral |
| FAV | RASMUSSEN, DENNISlobbyist | The Rasmussen Group LLC | Written (PDF) |
| FAV | Walmsley, Keithlobbyist | Walmsley Strategies | Written (PDF) |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| UNF | Robinson, Phillip | Consumer Law Center LLC | Written (PDF) |
| UNF | White, Marcelinelobbyist | Economic Action Maryland | Written (PDF) |
| UNF | Webber, Scott | Vaping Awareness Public Education Society | Written (PDF) |
| UNF | Carney, Benjamin | Individual | Written (PDF) |
| INFO | Sakamoto-Wengel, Steven M. | Consumer Protection Division | Written (PDF) |