Maryland, Illinois Reintroduce Commercial Finance Bills

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On January 24, legislators in both Illinois and Maryland introduced the latest edition of commercial finance bills. In Illinois it’s the Small Business Financing Transparency Act which would mandate that sales-based finance providers register with the state and include an APR on every agreement. In Maryland it’s the Small Business Truth in Lending Act which is a renewal of its push from 2024.

Last modified: January 27, 2025

Category: Regulation

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