Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Sponsor: Pam Queen (District 14)Committee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 20 (as of Sep 4, 2026)
What this bill does
Official synopsis
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.
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Testimony (10)
MGA witness listFAV 8FavorableINFO 2Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Imbrogno, Robin | Independent Payroll Providers Association (IPPA) | Oral |
| FAV | Imbrogno, Robin | Independent Payroll Providers Association (IPPA) | Oral |
| FAV | Suissa, Steve | SHS Payroll LLC | Oral |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Queen , Pamela | Individual | Written (PDF) |
| FAV | Vetter, Drew | Individual | Oral + Written (PDF) |
| FAV | Vetter, Drew | Individual | Oral + Written (PDF) |
| INFO | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| INFO | Harris, Mrs. | Individual | Position only |