SB 881

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

Sponsor: Benjamin F. Kramer (District 19)Committee: FinanceSubject: Financial InstitutionsStatus: Hearing 3/31 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; 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.

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Testimony (36)

MGA witness list

FAV 18FavorableFWA 6Favorable with amendmentsUNF 12Unfavorable

Position	Witness	Organization	Testimony
FAV	Levine, David	American Sustainable Business Network	Written (PDF)
FAV	Brey, Michael	BREY CORP.	Written (PDF)
FAV	Cutwright, Don	Baltimore Community Lending, Inc.	Written (PDF)
FAV	Keyes, Rachael	CASH Campaign of Maryland	Written (PDF)
FAV	Muckle, Lonialobbyist	CASH Campaign of Maryland	Written (PDF)
FAV	Wilson Randall, Claudia	Community Development Network of Maryland	Written (PDF)
FAV	White, Marcelinelobbyist	Economic Action Maryland	Written (PDF)
FAV	White, Marcelinelobbyist	Economic Action Maryland	Written (PDF)
FAV	Horn, Mike	Golden Strategic Development LLC	Written (PDF)
FAV	Mobley, Stacia	Greater Baltimore Urban League	Written (PDF)
FAV	Richards, Evanlobbyist	Maryland Bankers Association	Written (PDF)
FAV	locklair, caileylobbyist	Maryland Retailers Association	Written (PDF)
FAV	Flynn, Tara	NCRC	Written (PDF)
FAV	Caditz-Peck, Louis	Responsible Business Lending Coalition	Written (PDF)
FAV	Caditz-Peck, Louis	Responsible Business Lending Coalition	Written (PDF)
FAV	Miller, Myanno	Woodstock Institute	Written (PDF)
FAV	Senator Kramer, Senator Kramerlegislator	Individual	Oral
FAV	Senator Kramer, Senator Kramerlegislator	Individual	Oral
UNF	Fisher, Katherine	Commercial Finance Coalition	Written (PDF)
UNF	Fisher, Katherine	Commercial Finance Coalition	Written (PDF)
UNF	Shacklette, Maureen	ETA	Written (PDF)
UNF	Shacklette, Maureen	Electronic Transactions Association	Written (PDF)
UNF	Garcia, Leo	Financial Technology Association	Written (PDF)
UNF	Lynch, Natalie	Innovative Lending Platform Association	Written (PDF)
UNF	Sakata, Michael	MTBMA	Written (PDF)
UNF	Sakata, Michael	MTBMA	Written (PDF)
UNF	Smith, Tim	Maryland Asphalt Association	Written (PDF)
UNF	Smith, Tim	Maryland Asphalt Association	Written (PDF)
UNF	Pappas, Natalie	Rapid Financial Services, LLC ("Rapid Finance")	Written (PDF)
UNF	Pappas, Natalie	Rapid Financial Services, LLC ("Rapid Finance")	Written (PDF)
FWA	Alexandre, Kyle	Equipment Leasing & Finance Association	Written (PDF)
FWA	Griffin, Andrewlobbyist	Howard County Chamber of Commerce	Written (PDF)
FWA	Hennen, Amy	Office of Financial Regulation, Maryland Department of Labor	Written (PDF)
FWA	Tabuteau, Richardlobbyist	Tabuteau, LLC	Written (PDF)
FWA	Tabuteau, Richardlobbyist	Tabuteau, LLC	Written (PDF)
FWA	Hanz, Patricia	Truck and Engine Manufacturers Association	Written (PDF)

Organizations on record

American Sustainable Business NetworkFAV 1

Baltimore Community Lending, Inc.FAV 1

BREY CORP.FAV 1

CASH Campaign of MarylandFAV 2

Commercial Finance CoalitionUNF 2

Community Development Network of MarylandFAV 1

Economic Action MarylandFAV 2

Electronic Transactions AssociationUNF 1

Equipment Leasing & Finance AssociationFWA 1

ETAUNF 1

Financial Technology AssociationUNF 1

Golden Strategic Development LLCFAV 1

Greater Baltimore Urban LeagueFAV 1

Howard County Chamber of CommerceFWA 1

Innovative Lending Platform AssociationUNF 1

Maryland Asphalt AssociationUNF 2

Maryland Bankers AssociationFAV 1

Maryland Retailers AssociationFAV 1

MTBMAUNF 2

NCRCFAV 1

Office of Financial Regulation, Maryland Department of LaborFWA 1

Rapid Financial Services, LLC ("Rapid Finance")UNF 2

Responsible Business Lending CoalitionFAV 2

Tabuteau, LLCFWA 2

Truck and Engine Manufacturers AssociationFWA 1

Woodstock InstituteFAV 1

Registered lobbyists who testified

FAVMuckle, LoniaCASH Campaign of MarylandRegistered for: CASH Campaign of Maryland

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

FWAGriffin, AndrewHoward County Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…

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