Maryland HB433 exempts property managers from needing a collection agency license when collecting rent and fees.
Maryland HB433 modifies the state's business regulation laws by exempting property managers from the requirement to hold a collection agency license. This exemption applies when the property manager collects rent, utilities, or fees from residential tenants on behalf of a property owner. The bill specifies that the collection of such payments is not the primary purpose of the property manager. The changes will take effect on October 1, 2026.
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