Business Regulation - Collection Agencies and Property Managers

SB 589 exempts property managers in Maryland from needing a separate license to collect rent, utilities, or fees for residential tenants. The bill specifically applies to property managers whose primary business is managing real property (not debt collection), and who collect payments only during a lease term or holdover period. This change removes a licensing requirement for these managers under Section 7-301 of Maryland's Business Regulation law, as long as debt collection isn't their main business activity. The exemption directly affects residential property management companies and individuals handling routine tenant payments. The bill amends Maryland law to clarify this exemption without creating new requirements.