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SB 582·MD·senate

Consumer Protection - Unsolicited Loans

Signed into LawFiled Feb 4, 2026
Sponsor: Jennings
Latest Action

Approved by the Governor - Chapter 316

Apr 8, 2026

Summary

The bill stops a creditor from sending a check or other negotiable instrument to anyone unless the person has already applied for or requested the credit. If such a check is sent, the recipient does not owe the amount unless they actually cash or negotiate the check. Violating the rule is a misdemeanor punishable by a fine up to $500.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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