Maryland
For Maryland, statute citation is Md. Commercial Law §§ 12-1501 through 12-1507 (Ch. 847, HB 1294, 2025); effective date is October 1, 2025; product classification is earned wage access is a loan subject to the Maryland Consumer Loan Law; not money transmission; licensing requirement is consumer loan license required under Title 11, Subtitle 2 of the Financial Institutions Article; fee caps is $5.00 for any advance of proceeds equal to or less than $75.00; $7.50 for any advance of proceeds greater than $75.00, recorded from its source on 2026-08-18.
- state
- Maryland verified
- statute citation
- Md. Commercial Law §§ 12-1501 through 12-1507 (Ch. 847, HB 1294, 2025) our reading
- effective date
- October 1, 2025 verified
- product classification
- earned wage access is a loan subject to the Maryland Consumer Loan Law; not money transmission verified
- licensing requirement
- consumer loan license required under Title 11, Subtitle 2 of the Financial Institutions Article verified
- fee caps
- $5.00 for any advance of proceeds equal to or less than $75.00; $7.50 for any advance of proceeds greater than $75.00 verified
- free option required
- yes — provider shall offer a reasonable option to obtain earned wage access at no cost verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
subjecting certain earned wage access products to the Maryland Consumer Loan Law and other provisions that regulate entities that provide consumer credit, revolving credit, and closed end credit
— mgaleg.maryland.gov, retrieved 2026-08-18
Source
- mgaleg.maryland.govhttps://mgaleg.maryland.gov/2025RS/chapters_noln/Ch_847_hb1294T.pdf