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MD Extends Enforcement Deadline for Emergency Legislation on Passive Assignee License Exemption - Weiner Brodsky Kider PC

Summary by Weiner Brodsky Kider PC
The Maryland Office of Financial Regulation (OFR) recently announced that it has extended the suspension of mortgage licensing enforcement for certain entities that hold mortgage loans, from April 10, 2025, to July 6, 2025.  OFR also announced that emergency legislation (Senate Bill 1026/House Bill 1516) was introduced to exempt from licensing requirements passive mortgage and installment loan assignees.  OFR noted that the enforcement suspensio…
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Weiner Brodsky Kider PC broke the news in on Thursday, March 13, 2025.
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