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Panel backs narrow change to allow insurance agents to contract with mortgage lenders
Economic Matters Committee · February 3, 2026
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Summary
HB 38 would update Maryland licensing language so insurance agents co‑regulated as mortgage loan originators can contract with any mortgage lender, the sponsor and industry witnesses said, preserving consumer protections while increasing oversight by OFR.
Delegate Pam Queen told the committee House Bill 38 updates Maryland law to allow insurance agents who are co‑regulated as mortgage loan originators (MLOs) to contract with any licensed mortgage lender rather than only banks owned by their insurer.…
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