Legislation - HB1294

Title: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
Sponsored by: Delegate Wilson
Status: In the House - Hearing 3/04 at 1:00 p.m.
Analysis

Synopsis

Subjecting certain earned wage access products to the Maryland Consumer Loan Law and other provisions that regulate entities that provide consumer credit, revolving credit, and closed end 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

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
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

File Code

Subjects

Statutes