MD HB246 | 2024 | Regular Session
Status
Spectrum: Committee Bill
Status: Engrossed on March 18 2024 - 50% progression
Action: 2024-03-19 - Hearing 3/26 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 18 2024 - 50% progression
Action: 2024-03-19 - Hearing 3/26 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
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; limiting the costs and fees associated with obtaining an earned wage access product; etc.
Title
Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
Sponsors
Roll Calls
2024-03-18 - House - Third Reading Passed (Y: 102 N: 36 NV: 2 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-19 | Senate | Hearing 3/26 at 1:00 p.m. |
| 2024-03-18 | Senate | Referred Finance |
| 2024-03-18 | House | Third Reading Passed (102-36) |
| 2024-03-16 | House | Second Reading Passed with Amendments |
| 2024-03-16 | House | Favorable with Amendments {913821/1 Adopted |
| 2024-03-16 | House | Favorable with Amendments Report by Economic Matters |
| 2024-01-11 | House | Hearing 1/23 at 1:00 p.m. |
| 2024-01-10 | House | First Reading Economic Matters |
| 2023-09-15 | House | Pre-filed |
Subjects
Attachments and Garnishments
Civil Actions
Commercial Law - Consumer Protection
Commercial Law - Credit Regulation
Consumer Protection
Credit
Debt Collection
Disclosure
Fees
Financial Regulation, Division of
Forms
Gratuities
Identification
Interest
Labor, Department of
Licenses
Loans
Reports
Rules and Regulations
Salaries and Compensation
Time
Work, Labor, and Employment
Civil Actions
Commercial Law - Consumer Protection
Commercial Law - Credit Regulation
Consumer Protection
Credit
Debt Collection
Disclosure
Fees
Financial Regulation, Division of
Forms
Gratuities
Identification
Interest
Labor, Department of
Licenses
Loans
Reports
Rules and Regulations
Salaries and Compensation
Time
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Commercial Law | 12 | 1001 | (n/a) | See Bill Text |
| Commercial Law | 12 | 101 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1031 | (n/a) | See Bill Text |
| Commercial Law | 12 | 128 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1501 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1502 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1503 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1504 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1505 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1506 | (n/a) | See Bill Text |
| Commercial Law | 12 | 301 | (n/a) | See Bill Text |
| Commercial Law | 12 | 318 | (n/a) | See Bill Text |
| Commercial Law | 12 | 319 | (n/a) | See Bill Text |
| Commercial Law | 12 | 901 | (n/a) | See Bill Text |
| Commercial Law | 12 | 927 | (n/a) | See Bill Text |
