Maryland · HB0693

Commercial Financing - Small Business Truth in Lending Act

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Stage 2 of 6Introduction

1
Sponsors: 0
Votes: Mar 17 ’25
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Next: a committee studies it and decides if it moves forward.

Official text

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AI summary

Written by AI from the bill text. Check the official text before relying on it.

Description

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.

Subjects

Penalties and Sentences -see also- Death PenaltyTimeCivil OffensesDisclosureSignaturesInvestigations and Inquiries -see also- Crim Bckgrnd InvestRules and RegulationsPrices -see also- Consumer Price IndexSecuritiesSecurity Interests -see also- LiensLoans -see also- Credit; Mortgages; Scholarships&SFAFinance CompaniesSmall BusinessCommerce and Business -see also- ElectrComm; ForeignTr; etc.ComplaintsRestitutionFines -see also- Penalties and SentencesInterestEquipment -see also- Charging; Med. Equip.; MV Equip; etc.Federal GovernmentContracts -see also- ProcurementStandards and Best PracticesGoods and Services -see also- Retail Sales; TermnSvc; TrfGdsFinancial Regulation, Division ofFinancial InstitutionsData -see also- Census; DemographicsFinancial Institutions -see also- Banks; Credit Unions; etc.Debt ManagementRecords -see also- Land Records; Vital RecordsFees -see also- Attys' Fees; Devt Fees & TaxesCreditReports

Progress

IntroducedJan 24, 2025
Sent to committeeJan 29, 2025

From official state and federal legislative records. Informational only, not legal advice.