STATE BILLMD SB 881ENGROSSED

Financial Institutions and Activities - Licensing Requirements and Regulation of Commercial Financing

State of Maryland

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; providing that the revocation, suspension, surrender, or other termination of a certain license does not relieve a person of the obligation to pay certain assessments imposed by the Commissioner of Financial Regulation; etc.

Status
Engrossed
Passed its first chamber
Status date
Mar 20, 2026
237 days ago
Current chamber
House of Delegates
Session
2026 Regular Session
MD SB 881 · EngrossedMar 20

Follow the legislation that affects what you sell.

Get started free

Free account · 30-second setup · No credit card

What it means for vendors

Civic IQ reads each bill for what it would fund, require or change for the agencies that buy.

Bill details

Last action
Hearing 3/31 at 1:00 p.m. · Mar 24, 2026
Pending committee
Economic Matters

Sponsor

BKBenjamin KramerSenator · Democrat · SD-019Primary sponsor

Bill history

Newest first.

Mar 24, 2026Hearing 3/31 at 1:00 p.m.House
Mar 21, 2026Referred Economic MattersHouse
Mar 20, 2026Third Reading Passed (42-0)Senate
Mar 19, 2026Second Reading Passed with AmendmentsSenate
Mar 19, 2026Favorable with Amendments {803427/1 AdoptedSenate
Mar 19, 2026Favorable with Amendments Report by FinanceSenate
Feb 12, 2026Hearing 2/27 at 1:00 p.m.Senate
Feb 6, 2026First Reading FinanceSenate

Recorded vote

Third Reading PassedMar 20, 2026 · Senate · 42 yea · 0 nayPassed

Subjects

  • Financial Institutions
  • Commerce and Business
  • Disclosure
  • Ethics
  • Fees
  • Notices
  • Prices
  • Reimbursements
  • Reports
  • Rules and Regulations
  • Small Business
  • Assessments
  • Attorney General
  • Budgets
  • Electronic Communication
  • Financial Regulation, Division of
  • Fines
  • Hearings
  • Identification
  • Licenses
  • Names
  • Partnerships
  • Penalties and Sentences
  • Revenue and Taxes
  • Social Media
  • Standards and Best Practices
  • State's Attorneys
  • Technology

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

Work in government? Get Civic IQ free →

Start finding government buyers today.
It's free.

B2G and SLED sales intelligence. Surface government procurement signals from 100,000+ state, local, and education agencies months before the RFP.

Get started free

No credit card required