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SB0894

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Third-Party Litigation Financing - Licensing and Regulation
Sponsored by
Senator Gile
Status
In the Senate - Hearing 2/27 at 1:00 p.m.
Analysis
Synopsis
Prohibiting a certain litigation financier from providing certain litigation financing unless licensed under the Maryland Consumer Loan Law or provisions of law relating to installment loans; providing that litigation financing shall be considered a loan for certain purposes; requiring a certain disclosure of a litigation financing contract in certain civil actions; and providing that certain information is a permissible subject of discovery in certain civil actions.
Committees
Original:
Finance
Details
Cross-filed with: HB1298
Bill File Type: Regular
Effective Date(s): October 1, 2026
History
Legislation History
Chamber
Senate
Calendar Date
2/06/2026
Legislative Date
2/06/2026
Action
First Reading Finance
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Third-Party Litigation Financing - Licensing and Regulation
Proceedings
Chamber
Senate
Calendar Date
2/12/2026
Legislative Date
2/12/2026
Action
Hearing 2/27 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/06/2026 2/06/2026 First Reading Finance
Text - First - Third-Party Litigation Financing - Licensing and Regulation
Senate 2/12/2026 2/12/2026 Hearing 2/27 at 1:00 p.m.
File Code
Subjects
Statutes
Article - Financial Institutions
(   12-1301 through 12-1306 )
Last Updated: 2/12/2026 5:08 PM
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