MD HB693 | 2025 | Regular Session
Note: Carry Over of previous HB574
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2025 - 25% progression
Action: 2025-01-29 - Hearing 2/11 at 1:00 p.m.
Pending: House Economic Matters Committee
Hearing: Feb 11 @ 1:00 pm House Economic Matters Hearing
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 24 2025 - 25% progression
Action: 2025-01-29 - Hearing 2/11 at 1:00 p.m.
Pending: House Economic Matters Committee
Hearing: Feb 11 @ 1:00 pm House Economic Matters Hearing
Text: Latest bill text (Introduced) [PDF]
Summary
Regulating commercial financing transactions, including by establishing requirements related to certain disclosures, calculations of annual percentage rates, terms of repayments, and other related items, and the extension of specific offers.
Title
Commercial Financing - Small Business Truth in Lending Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-29 | House | Hearing 2/11 at 1:00 p.m. |
| 2025-01-24 | House | First Reading Economic Matters |
Same As/Similar To
HB574 (Carry Over) 2024-01-29 - Hearing 2/20 at 1:00 p.m.
SB754 (Crossfiled) 2025-02-01 - Hearing 2/20 at 1:00 p.m.
SB754 (Crossfiled) 2025-02-01 - Hearing 2/20 at 1:00 p.m.
Subjects
Civil Offenses
Commerce and Business
complaints
Contracts
Credit
Data
Debt Management
Disclosure
Equipment
Federal Government
Fees
Finance Companies
Financial Institutions
Financial Regulation, Division of
Fines
Goods and Services
Interest
Investigations and Inquiries
Loans
Penalties and Sentences
Prices
Records
Reports
Restitution
Rules and Regulations
Securities
Security Interests
Signatures
Small Business
Standards and Best Practices
Time
Commerce and Business
complaints
Contracts
Credit
Data
Debt Management
Disclosure
Equipment
Federal Government
Fees
Finance Companies
Financial Institutions
Financial Regulation, Division of
Fines
Goods and Services
Interest
Investigations and Inquiries
Loans
Penalties and Sentences
Prices
Records
Reports
Restitution
Rules and Regulations
Securities
Security Interests
Signatures
Small Business
Standards and Best Practices
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Financial Institutions | 12 | 1201 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1202 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1203 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1204 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1205 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1206 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1207 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1208 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1209 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1210 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1211 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1212 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1213 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1214 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0693?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0693f.pdf |
