Maryland Commercial Financing Bill (Pending)

At a glance

• Status: Bill introduced, not enacted

• Effective: Not enacted

• Who it covers: Would be broad — commercial financing to small businesses

• Size cap: Proposed: $2,500,000 or less

• Regulator: Would be MD Office of Financial Regulation

Type of rules: APR disclosure · Broad coverage

What the bill would do

• Passed the Maryland Senate unanimously in March 2023 but stalled in the House Economic Matters Committee.

• Would require APR and consumer-style disclosures on commercial financing up to $2.5M.

• Successor versions have been considered in later sessions without final passage as of October 2026.

What to watch

Maryland came closer to passage than most pending states — worth watching each session.

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Other states with laws: California · New York · Utah · Virginia · Georgia · Florida · Connecticut · Kansas · Missouri · Louisiana · Texas · Vermont · North Dakota

States with pending bills: New Jersey · Illinois · North Carolina · Pennsylvania

Last verified October 2026. Compiled and verified by Funder Intel for general industry information. This is not legal advice. Laws change often, so check the statute and a qualified attorney before making compliance decisions.