---
type: "Bill"
title: "Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)"
description: "Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2025"
identifier: "HB 1516"
citation: "Maryland HB 1516 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Queen"]
version_count: 4
action_count: 15
vote_count: 3
first_action: "2025-02-17"
last_action: "2025-04-22"
source: "openstates"
source_identifier: "ocd-bill/1f62db02-ba1a-4523-ba79-402e38270c7e"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb1516?ys=2025RS&search=True"
source_hash: "e04cec523b9f2bbff1c356dc7de7f4d3f609a1055a60fdd9cbf3a43c1785fd68"
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 HB 1516 (2025) — Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)

## Version chain

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

1. **Chapter - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_119_hb1516e.pdf)
2. **Enrolled - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/hb/hb1516e.pdf)
3. **First - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/hb/hb1516f.pdf)
4. **Third - Financial Institutions - Consumer Credit - Application of Licensing Requirements (Maryland Secondary Market Stability Act of 2025)** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/hb/hb1516t.pdf)

## Votes

- On Third Reading and Final Passage (Hse concurred) — **118–17** (pass) · lower
- On Third Reading (Emerg) — **99–37** (pass) · lower
- On Third Reading (Emerg/Amend) — **42–5** (pass) · upper

## Sponsors

- Queen — primary (person)

## Timeline

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

- **2025-02-17** First Reading House Rules and Executive Nominations `referral-committee`
- **2025-03-06** Rereferred to Economic Matters
- **2025-03-06** Hearing 3/11 at 1:00 p.m.
- **2025-03-15** Favorable Report by Economic Matters `committee-passage-favorable`
- **2025-03-15** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2025-03-17** Third Reading Passed `passage`
- **2025-03-17** Referred Finance `referral-committee`
- **2025-04-03** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2025-04-03** Favorable with Amendments { `committee-passage-favorable`
- **2025-04-03** Second Reading Passed with Amendments
- **2025-04-03** Third Reading Passed `passage`
- **2025-04-07** House Concurs Senate Amendments
- **2025-04-07** Third Reading Passed `passage`
- **2025-04-07** Passed Enrolled
- **2025-04-22** Approved by the Governor - Chapter 119 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1f62db02-ba1a-4523-ba79-402e38270c7e`. Confidence: reported (aggregated from official Maryland legislature records).