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MarylandHB 12942025 Regular SessionHouseWALLET

Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization

Sponsored By: C. T. Wilson (Democratic)

Became Law

Commercial Law - Credit RegulationCommercial Law - Consumer ProtectionBanks and Trust CompaniesCommerce and Business -see also- ElectrComm; ForeignTr; etc.ComplaintsContractors -see also- Construct; Electricians; etc.CreditData -see also- Census; DemographicsDisclosureElectronic Commerce -see also- Electronic Funds TransferElectronic Funds TransferFees -see also- Attys' Fees; Devt Fees & TaxesFinancial Regulation, Division ofGiftsGratuitiesInterestLicenses -see also- AB Lic; Certifications; DrLic; PermitsLoans -see also- Credit; Mortgages; Scholarships&SFAPrices -see also- Consumer Price IndexReportsRules and RegulationsSalaries and Compensation -see also- Overtime; Reimb. RatesSubscriptions and MembershipsTimeWork, Labor, and Employment -see also- JobTrn; Leave; etc.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Credit protections for early wage borrowers

Beginning October 1, 2025, Maryland's consumer-credit rules cover consumer-directed earned wage access loans. These loans provide early access to earned wages using income information supplied by the consumer. The rules apply even when the loan was not designated to follow them.

New tip protections for Maryland borrowers

Beginning October 1, 2025, Maryland lenders offering tips must set the default at $0 and disclose who receives them. Tips must be voluntary and cannot affect loan approval or terms. Lenders must prominently explain that tips do not influence lending or directly benefit a specific person. Expedited processing, disbursement, membership, registration, and subscription charges do not count as tips. If a tip pushes interest above the legal limit, lenders can avoid that violation by refunding enough within 30 calendar days.

Sponsors & Cosponsors

Sponsor

  • C. T. Wilson

    Democratic • House

Cosponsors

  • Marlon Amprey

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 127 • No: 55

Senate vote • 4/7/2025

Third Reading Passed

Yes: 28 • No: 17 • Other: 2

House vote • 3/14/2025

Third Reading Passed

Yes: 99 • No: 38 • Other: 2

Actions Timeline

  1. Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 847

    5/25/2025

  2. Returned Passed

    4/7/2025House

  3. Third Reading Passed (28-17)

    4/7/2025Senate

  4. Second Reading Passed

    4/4/2025Senate

  5. Favorable Adopted

    4/4/2025Senate

  6. Favorable Report by Finance

    4/4/2025Senate

  7. Hearing 3/25 at 1:00 p.m.

    3/18/2025Senate

  8. Referred Finance

    3/17/2025Senate

  9. Third Reading Passed (99-38)

    3/14/2025House

  10. Second Reading Passed with Amendments

    3/14/2025House

  11. Favorable with Amendments {993222/1 Adopted

    3/14/2025House

  12. Favorable with Amendments Report by Economic Matters

    3/14/2025House

  13. Hearing 3/04 at 1:00 p.m.

    2/7/2025House

  14. First Reading Economic Matters

    2/7/2025House

Bill Text

  • Enacted

    5/25/2025

    PDF

  • Third Reading

    3/14/2025

    PDF

  • First Reading

    2/7/2025

    PDF

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