MD HB332

Consumer wire transfers involving electronic fund transfers made ancillary to bank-to-bank transfers via wire service become subject to the Federal Electronic Funds Transfer Act of 1978 (15 U.S.C. 1693 et seq.)

Applies to any financial institution operating in Maryland

If a court holds the Act inapplicable to federally chartered financial institutions or out-of-state chartered institutions operating in Maryland, the entire Act is automatically abrogated

Takes effect October 1, 2025