Maryland SB784 repeals a licensing requirement for certain mortgage and installment loans.
Maryland SB784 removes certain mortgages, mortgage loans, and installment loans from the licensing requirements for financial services providers. This change applies to individuals who do not engage in mortgage lending or installment loan businesses and rely on others to service or collect on their loans. The bill aims to correct an erroneous provision enacted in 2025. It will take effect on July 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.