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MD Law Passed to Confirm Passive Trusts Exempt from Mortgage Licensure - Weiner Brodsky Kider PC
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MD Law Passed to Confirm Passive Trusts Exempt from Mortgage Licensure - Weiner Brodsky Kider PC
Maryland recently enacted the Secondary Market Stability Act of 2025, which, among other things, excludes passive trusts from Maryland licensing requirements for installment loans and mortgages. Passive trusts are defined as trusts that, (i) acquire or are assigned mortgage loans, in whole or in part; (ii) do not make mortgage loans; (iii) are not mortgage brokers or servicers; and (iv) do not service mortgage loans, not including transmitting …
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