MD HB259

Extends the deadline for the Commissioner of Financial Regulation to match investments in the Maryland Community Investment Venture Fund from June 30, 2028 to June 30, 2030, and expands the Fund's purpose to include serving consumers in addition to businesses in low- to moderate-income areas through investments, grants, and other financial assistance.

Creates a new "Maryland Opportunity Account" assessment offset credit for banking institutions and credit unions, providing $5,000 for initial Commissioner approval and $3,000 annually thereafter for offering transaction accounts that meet standards promoting fair and equal access to financial services.

Repeals the $25 fee for certificates of valid charter requested by banking institutions and eliminates the $20 examination fee for commercial bank charter amendments.

Expands the definition of "emergency" for banking institution closures to include cybersecurity incidents, and changes the reporting date for deposits in low- to moderate-income tracts from June 30 to December 31.

Clarifies that the Maryland Community Investment Venture Fund is a special, nonlapsing fund not subject to reversion to the General Fund, with the State Treasurer serving as custodian and interest earnings credited back to the Fund.