Commercial Financing - Small Business Truth in Lending Act
Sponsor: Benjamin F. Kramer (District 19)Committee: FinanceSubject: Financial InstitutionsStatus: First Reading Economic Matters (as of Dec 1, 2025)
What this bill does
Official synopsis
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.
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Testimony (0)
MGA witness listFAV 3FavorableFWA 1Favorable with amendmentsUNF 4UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Richards, Evanlobbyist | Maryland Bankers Association | Written (PDF) |
| FAV | Caditz-Peck, Louis | Responsible Business Lending Coalition | Written (PDF) |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Oral |
| UNF | Fisher, Katherinelobbyist | Commercial Finance Coalition | Written (PDF) |
| UNF | Hebert, Claire | Electronic Transactions Association | Written (PDF) |
| UNF | Grimm, Chris | Innovative Lending Platform Association | Written (PDF) |
| UNF | Pappas, Natalie | Rapid Financial Services, LLC ("Rapid Finance") | Written (PDF) |
| FWA | Sakata, Michael | MTBMA | Written (PDF) |
| INFO | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
Organizations on record
MTBMAFWA 1