Legislation - HB1294

Title: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
Sponsored by: Delegates Wilson and Amprey
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 847
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Subjecting certain earned wage access products to the Maryland Consumer Loan Law and other provisions that regulate entities that provide consumer credit; restricting the acceptance of tips by certain lenders under certain circumstances; providing for the licensing or registration of certain entities offering earned wage access products with certain exemptions; regulating earned wage access service agreements; limiting the costs and fees associated with obtaining an earned wage access product; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 3/04 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/14/2025 Legislative Date 3/14/2025 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/14/2025 Legislative Date 3/04/2025 Action Favorable with Amendments {993222/1 Adopted Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/14/2025 Legislative Date 3/04/2025 Action Second Reading Passed with Amendments Proceedings 44 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization Proceedings
Chamber House Calendar Date 3/14/2025 Legislative Date 3/05/2025 Action Third Reading Passed (99-38) Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 2/28/2025 Action Referred Finance Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2025 Legislative Date 3/18/2025 Action Hearing 3/25 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2025 Legislative Date 4/04/2025 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/04/2025 Legislative Date 3/18/2025 Action Favorable Adopted Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2025 Legislative Date 3/18/2025 Action Second Reading Passed Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2025 Legislative Date 3/23/2025 Action Third Reading Passed (28-17) Proceedings 71 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/25/2025 Action Returned Passed Proceedings 65 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/25/2025 Legislative Date 5/25/2025 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 847 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/07/2025	2/07/2025	First Reading Economic Matters
House	2/07/2025	2/07/2025	Hearing 3/04 at 1:00 p.m.
			Text - First - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/14/2025	3/14/2025	Favorable with Amendments Report by Economic Matters
House	3/14/2025	3/04/2025	Favorable with Amendments {993222/1 Adopted	44 Click to view Recorded Media
House	3/14/2025	3/04/2025	Second Reading Passed with Amendments	44 Click to view Recorded Media
			Text - Third - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
House	3/14/2025	3/05/2025	Third Reading Passed (99-38)	45 Click to view Recorded Media
Senate	3/17/2025	2/28/2025	Referred Finance	48 Click to view Recorded Media
Senate	3/18/2025	3/18/2025	Hearing 3/25 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/04/2025	4/04/2025	Favorable Report by Finance
Senate	4/04/2025	3/18/2025	Favorable Adopted	66 Click to view Recorded Media
Senate	4/04/2025	3/18/2025	Second Reading Passed	66 Click to view Recorded Media
Senate	4/07/2025	3/23/2025	Third Reading Passed (28-17)	71 Click to view Recorded Media
House	4/07/2025	3/25/2025	Returned Passed	65 Click to view Recorded Media
Post Passage	5/25/2025	5/25/2025	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 847
			Text - Chapter - Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization

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Subjects

Statutes