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Action required Maryland Office of Financial Regulation MD Oct 3, 2026

Maryland Payroll Processor Exemption

A new law excludes certain payroll processors from being classified as money transmitters under Maryland law, effective October 1, 2026.

A new law excludes certain payroll processors from being classified as money transmitters under Maryland law, effective October 1, 2026.

What changed

Payroll processors can now submit to deregistration as money transmitters if they qualify.

Compliance perspective

Currently licensed payroll processors should review their status in light of this exemption.

Key date

Effective date: October 1, 2026.

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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.

Keep reading

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