MD SB94

Lenders and earned wage access providers are prohibited from accepting tips from consumers or offering consumers the option to provide a tip, replacing previous rules that merely required default tips be set to zero

Lenders who receive a tip must return the full amount within 7 days (reduced from 30 days) to avoid violation of consumer loan statutes

Earned wage access providers must obtain a consumer loan license under Title 11, Subtitle 2 of the Financial Institutions Article and are now subject to additional consumer loan requirements under §§ 12–304, 12–305, and 12–316.1

Providers must disclose in service contracts that they are prohibited by law from soliciting or retaining tips, gratuities, or other donations

Effective date: October 1, 2026