HB 1007

Commercial Financing - Small Business Truth in Lending Act

Sponsor: David Fraser-Hidalgo (District 15)Committee: Economic MattersSubject: Financial InstitutionsStatus: Hearing 3/03 at 1:00 p.m. (as of Sep 4, 2026)

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 (30)

MGA witness list

FAV 16FavorableFWA 4Favorable with amendmentsUNF 10Unfavorable

Position	Witness	Organization	Testimony
FAV	Levine, David	American Sustainable Business Network	Oral
FAV	Cutwright, Don	Baltimore Community Lending, Inc.	Oral
FAV	Keyes, Rachael	CASH Campaign of Maryland	Written (PDF)
FAV	Shaff, Stephen	Community-Vision Solutions, Benefit LL	Oral
FAV	White, Marcelinelobbyist	Economic Action Maryland	Written (PDF)
FAV	Horn, Mike	Golden Strategic Development LLC	Oral + Written (PDF)
FAV	Richards, Evanlobbyist	Maryland Bankers Association	Written (PDF)
FAV	locklair, caileylobbyist	Maryland Retailers Association	Oral
FAV	Caditz-Peck, Louis	Responsible Business Lending Coalition	Oral + Written (PDF)
FAV	Miller, Myanno	Woodstock Institute	Oral
FAV	Delegate Fraser-Hidalgo, Delegate Fraser-Hidalgolegislator	Individual	Oral
FAV	Fraser-Hidalgo, David	Individual	Oral + Written (PDF)
FAV	Lent, Michael	Individual	Position only
FAV	Mauer, William	Individual	Position only
FAV	Robinson, Jamie	Individual	Oral + Written (PDF)
FAV	Weaver, Eric	Individual	Oral + Written (PDF)
UNF	Feinroth, Marklobbyist	Boston Plaut Attorneys at Law	Oral
UNF	Fisher, Katherine	Commercial Finance Coalition	Oral + Written (PDF)
UNF	Ellerbee, Christy	Electronic Transactions Association	Written (PDF)
UNF	Fuentes, Julio	Hispanic Business Alliance	Oral
UNF	Lynch, Natalie	Innovative Lending Platform Association	Oral + Written (PDF)
UNF	Sakata, Michael	MTBMA	Written (PDF)
UNF	Smith, Tim	Maryland Asphalt Association	Written (PDF)
UNF	Pappas, Natalie	Rapid Financial Services, LLC ("Rapid Finance")	Oral + Written (PDF)
UNF	Boston, Frank	Individual	Oral
UNF	Shapiro, Alexis	Individual	Oral
FWA	Alexandre, Kyle	Equipment Leasing & Finance Association	Written (PDF)
FWA	Tabuteau, Richardlobbyist	Tabuteau, LLC	Written (PDF)
FWA	Hanz, Patricia	Truck and Engine Manufacturers Association	Written (PDF)
FWA	Teffeau, Matthewlobbyist	Individual	Written (PDF)

Registered lobbyists who testified

FAVWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition

FAVRichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association

FAVlocklair, caileyMaryland Retailers AssociationRegistered for: HPSO Investments LLC, T/A Riverboat on the Potomac; Maryland Retailers Alliance; Maryland Retailers Association

UNFFeinroth, MarkBoston Plaut Attorneys at LawRegistered for: Amazon.com Services, Inc c/o Frank D. Boston III, Attorney at Law; Baltimore's Promise Care of the Fund for Educational Excellence; Crown MD Online Gaming LLC; Greater Baltimore Board of Realtors; Highland Electric Fleets, Inc.; Maryland Hotel & Lodging Association…

FWATabuteau, RichardTabuteau, LLCRegistered for: Bolt Technology OÜ dba Hopp; Boyd Gaming Corporation; ChargePoint; Chevy Chase Village; Elev8 Baltimore, Inc.; Fortinet…

FWATeffeau, MatthewRegistered for: ABC Metro Washington; Choptank Electric Cooperative, Inc.

HB 1007

What this bill does

Testimony (30)

Organizations on record

Registered lobbyists who testified