MCA Disclosure Laws
**Maryland (MD)** {#maryland-(md)}
**Where We Are Currently** SBâŻ754 (2025) âCommercial Financing â Small Business Truth in Lending Actâ advanced but **not yet enacted**.
**How We Got Here** Introduced Jan 31 2025; passed Senate Mar 6 2025; referred to House Economic Matters.
**What Funders Need to Know** Draft includes APR calculations, broad definitions (open-end, closed-end, SBF). If enacted, disclosure/compliance burden increases.
**Official Documents (links)**
- Bill page for SB 754: [https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0754?ys=2025RS mgaleg.maryland.gov+1](https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0754?ys=2025RS&utm_source=chatgpt.com)
- Bill text (PDF): [2025 Regular Session SB 754 â Commercial Financing â Small Business Truth in Lending Act mgaleg.maryland.gov](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0754f.pdf?utm_source=chatgpt.com)
- Summary on LegiScan: [https://legiscan.com/MD/bill/SB754/2025 legiscan.com](https://legiscan.com/MD/bill/SB754/2025?utm_source=chatgpt.com)