Maryland
For Maryland, statute citation is H 1294; product classification is Subjects certain earned wage access products to the state Consumer Loan Law; licensing requirement is provides for the licensing or registration of certain entities offering earned wage access products with certain exemptions; fee caps is limits the costs and fees associated, recorded from its source on 2026-08-17.
- state
- Maryland
- statute citation
- H 1294
- product classification
- Subjects certain earned wage access products to the state Consumer Loan Law verified
- licensing requirement
- provides for the licensing or registration of certain entities offering earned wage access products with certain exemptions verified
- fee caps
- limits the costs and fees associated verified
What the source says
Earned Wage Access and Credit Modernization | Pending | Subjects certain earned wage access products to the state Consumer Loan Law and other provisions that regulate entities that provide consumer credit, revolving credit, and closed end credit; restricts the acceptance of tips by certain lenders under certain circumstances; provides for the licensing or registration of certain entities offering earned wage access products with certain exemptions; regulates earned wage access service agreements; limits the costs and fees associated.
— ncsl.org, retrieved 2026-08-17
Source
- ncsl.orghttps://www.ncsl.org/financial-services/earned-wage-access-2025-legislation