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Sunday, May 10, 2026

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MD · HB259Introduced

Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

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Plain-English Summary

Repealing certain fees charged to certain banking institutions by the Commissioner of Financial Regulation; altering certain provisions relating to the Maryland Community Investment Venture Fund, including the purpose and administration of the Fund; altering the date by which the Commissioner may match certain investments in the Fund from June 30, 2028, to June 30, 2030; altering and providing for certain assessment offset credits for certain banking institutions and credit unions; etc.

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