Business Regulation - Collection Agencies - Licensure Exemption for Property Managers

HB 433 exempts property managers from needing a state license to collect rent, utilities, or fees from residential tenants under specific conditions. It directly affects property managers who collect these payments during lease terms and whose primary business is property management - not debt collection. The bill amends Maryland law to clarify that property managers collecting residential rent/utilities during leases are not considered "collection agencies" if this activity isn't their main business. This removes a licensing requirement for qualifying property managers without changing broader collection agency rules. The exemption takes effect October 1, 2026.