2025 Regular Session • Maryland Legislature
SB754: 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
60% Positive
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Bill History
1/31/2025
First Reading Finance
Senate
2/1/2025
Hearing 2/20 at 1:00 p.m.
Senate
3/3/2025
Favorable Report by Finance
Senate
3/4/2025
Favorable Adopted
Senate
3/4/2025
Second Reading Passed
Senate
3/6/2025
Third Reading Passed (44-0)
Senate
3/7/2025
Referred Economic Matters
House of Delegates
Roll Call Votes
Third Reading Passed
3/6/2025
44
Yea
0
Nay
1
Not Voting
2
Absent
Result: PASSED
Status Information
Current Status
Engrossed(3/6/2025)
Chamber
House of Delegates
Committee
Economic Matters(House of Delegates)
Sponsors
Democrat: 1
Primary Sponsor
Benjamin Kramer
Democrat