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Action required Maryland Office of Financial Regulation MD Oct 1, 2026

Maryland Money Transmission Act Change

A change to the Maryland Money Transmission Act, effective October 1, 2026, will exclude certain payroll processors from the definition of 'money transmitter'.

A change to the Maryland Money Transmission Act, effective October 1, 2026, will exclude certain payroll processors from the definition of 'money transmitter'.

What changed

Specific businesses no longer require licensure under Maryland's Money Transmission Act if they meet certain conditions.

Compliance perspective

Entities need to assess their operations to confirm if they qualify for the exemption from licensure.

Key date

Effective date: October 1, 2026.

Need help keeping up with these changes?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

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