On April 14, Maryland Governor Wes Moore signed into law Senate Bill 784, repealing Section 11-102 of the Maryland Financial Institutions Article, which previously exempted certain persons who acquire or are assigned mortgages, mortgage loans, or installment loans from state licensing requirements governing consumer credit providers. The General Assembly stated that the repeal is a “clarifying corrective measure” to address a provision that was “erroneously enacted” by Chapter 118 of the Acts of the General Assembly of 2025 (previously covered by InfoBytes here). The repealed provision exempted persons who acquired or were assigned: (i) mortgages, if they did not otherwise make mortgages; (ii) mortgage loans, if they did not otherwise engage in mortgage lending; and (iii) installment loans, if they relied on another person to service or collect the loan and did not otherwise make installment loans. The law takes effect July 1.