MD SB589

Exempts property managers from the requirement to obtain a collection agency license from the State Collection Agency Licensing Board when collecting rent, utilities, or fees from residential tenants on behalf of property owners

The exemption applies only when payment collection occurs during the lease term or holdover period, and debt collection is not the property manager's primary purpose for the property

Defines "property manager" as a person responsible for real property management and maintenance, including finding tenants, collecting rent and fees, paying expenses, and maintaining utilities and systems

Adds property managers to the existing list of exempted entities, which includes banks, credit unions, mortgage lenders, licensed real estate brokers, and attorneys collecting debts for clients

Effective date: October 1, 2026