Effective October 1, 2026, Maryland updated its Money Transmission Act to exclude certain payroll processing arrangements from the definition of 'money transmitter'.
What changed
Modification to the definition of 'money transmitter' to include exclusions.
Compliance perspective
Entities affected by this change should assess their licensing needs under the revised definition.
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.