---
type: "Bill"
title: "Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements"
description: "Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2021"
identifier: "SB 251"
citation: "Maryland SB 251 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 16
vote_count: 2
first_action: "2020-09-22"
last_action: "2021-04-13"
source: "openstates"
source_identifier: "ocd-bill/9857fef6-9df0-4537-9e5d-d2a146c42269"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0251?ys=2021RS&search=True"
source_hash: "65e5134b3cc38b376c7e0ab87254b27dc982c2852d398956e8f9f6fc7c804ae3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 251 (2021) — Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements** (committee substitute) — [source](http://mgaleg.maryland.gov/2021RS/Chapters_noln/CH_101_sb0251t.pdf)
2. **First - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements** (committee substitute) — [source](http://mgaleg.maryland.gov/2021RS/bills/sb/sb0251f.pdf)
3. **Third - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements** (committee substitute) — [source](http://mgaleg.maryland.gov/2021RS/bills/sb/sb0251t.pdf)

## Votes

- On Third Reading — **135–0** (pass) · lower
- On Third Reading — **46–0** (pass) · upper

## Sponsors

- Chair, Finance Committee — primary (organization)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-09-22** Pre-filed `introduction`
- **2021-01-13** First Reading Finance `referral-committee`
- **2020-12-23** Hearing 1/20 at 1:00 p.m.
- **2021-01-18** Hearing canceled
- **2021-01-18** Hearing 2/02 at 1:00 p.m.
- **2021-02-09** Favorable Report by Finance `committee-passage-favorable`
- **2021-02-10** Favorable Adopted `committee-passage-favorable`
- **2021-02-10** Second Reading Passed
- **2021-02-16** Third Reading Passed `passage`
- **2021-02-18** Referred Economic Matters `referral-committee`
- **2021-03-16** Hearing 3/24 at 1:30 p.m.
- **2021-03-28** Favorable Report by Economic Matters `committee-passage-favorable`
- **2021-03-30** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2021-03-30** Third Reading Passed `passage`
- **2021-03-31** Returned Passed
- **2021-04-13** Approved by the Governor - Chapter 101 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9857fef6-9df0-4537-9e5d-d2a146c42269`. Confidence: reported (aggregated from official Maryland legislature records).