Maryland HB259 revises financial institution regulations, including fees, assessment offset credits, and the Maryland Community Investment Venture.

Maryland HB259 makes several revisions to financial institution regulations. It repeals and reenacts certain sections of the Financial Institutions Article, including definitions and fees for banking institutions and credit unions. The bill also alters the Maryland Community Investment Venture Fund, specifying its purpose and administration. Additionally, it provides for certain assessment offset credits for banking institutions and credit unions based on their performance and compliance with specific criteria. The bill takes effect July 1, 2026.

Maryland HB259 revises financial institution regulations, including fees, assessment offset credits, and the Maryland Community Investment Venture.

Maryland HB259 makes several revisions to financial institution regulations. It repeals and reenacts certain sections of the Financial Institutions Article, including definitions and fees for banking institutions and credit unions. The bill also alters the Maryland Community Investment Venture Fund, specifying its purpose and administration. Additionally, it provides for certain assessment offset credits for banking institutions and credit unions based on their performance and compliance with specific criteria. The bill takes effect July 1, 2026.