Financial Services Advisory | The (Bay) State of the Model Money Transmission Modernization Act

Executive Summary 7 Minute Read Massachusetts has joined the growing list of states that have at least partially adopted the Model Money Transmission Modernization Act. Our Financial Services Group examines the model act, how the Bay State has adopted it, and the implications for money transmitters. The Massachusetts act applies to any entity that transfers money […]

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Our Financial Services Group reviews the Maryland Secondary Market Stability Act, which overrides the Office of Financial Regulation’s requirement that passive trusts holding Maryland loans in residential mortgage-backed securitizations must be licensed as mortgage lenders in the state.