Maryland Update: Legislature Clarifies Licensing Treatment for Passive Trusts and Loan Assignees Through SB 784

What Happened? In April 2026, Maryland Governor Wes Moore signed Senate Bill 784 (Chapter 40 of the Laws of 2026), a measure addressing the application of licensing requirements under the Maryland Financial Institutions Article. SB 784 repeals Section 11‑102, a provision addressing whether entities that acquire or are assigned mortgages, mortgage loans, or installment loans are subject to Maryland consumer credit licensing requirements.... By: Alston & Bird