MD SB754

Requires providers of commercial financing to disclose annual percentage rates (APR), finance charges, total repayment amounts, payment schedules, and potential fees when extending specific offers to small businesses

Covers multiple financing types including closed-end financing, open-end financing, sales-based financing, and factoring transactions for non-personal/family/household purposes up to $2,500,000

Exempts federal and state banks, credit unions, savings associations and their subsidiaries, Farm Credit Act lenders, real property-secured transactions, and providers making 5 or fewer transactions annually in Maryland

Imposes civil penalties of up to $2,000 per violation and $10,000 per willful violation, with the Commissioner authorized to order restitution and injunctive relief

Takes effect October 1, 2025, with the Commissioner required to adopt regulations substantially similar to New York State's commercial financing disclosure rules