2025 Regular Session • Maryland Legislature
HB693: Commercial Financing - Small Business Truth in Lending Act
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
1/24/2025
First Reading Economic Matters
House of Delegates
1/29/2025
Hearing 2/11 at 1:00 p.m.
House of Delegates
3/17/2025
Favorable Report by Economic Matters
House of Delegates
3/17/2025
Favorable Adopted
House of Delegates
3/17/2025
Motion Special Order until 04/07 (Delegate Crosby) Adopted
House of Delegates
Status Information
Current Status
Introduced(1/24/2025)
Chamber
House of Delegates
Sponsors
Democrat: 1
Primary Sponsor
David Fraser-hidalgo
Democrat