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Maryland enacts law excluding certain payroll processors from money transmission licensing

UnknownApr 24, 2026(9 days ago)

Maryland enacts law excluding certain payroll processors from money transmission licensing

On April 14, Maryland enacted HB 118, which, effective October 1, amends the Maryland Money Transmission Act to exclude from the definition of “money transmitter” a person designated as an agent of a payor for the purpose of providing payroll processing services.... By: Orrick, Herrington & Sutcliffe LLP

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