MD LEG Consumer Credit Reports


On Apr. 3, MD LEG passed bill on consumer credit report information.


  • MD LEG passed bill SB 41 (HB 262) on information given in consumer credit reports.
  • Amends MD LEG 14-1203 on information required by consumer reporting agencies.
  • Bill Provisions
  • Alters the items of information that a consumer reporting agency is prohibited from including in a consumer credit report and generally relating to consumer credit reports.
  • Legislative History
  • On Aug. 4, 2023, bill was introduced in Senate; on Feb. 8, 2024, bill passed Senate.
  • On Feb. 9, 2024, bill was introduced in House; on Apr. 2, 2024, bill passed Senate.
  • On Apr. 3, 2024, bill returned to Senate, is pending delivery to governor for action.
  • Effectiveness
  • If enacted, bill SB 41/HB 262 would become effective Oct. 1, 2024.
  • May 2024 MD LEG Governor Approval
  • On May 9, 2024, MD LEG governor signed SB 41/HB 262, assigned Ch. 619, Ch. 618.

Regulators MD LEG
Entity Types Corp; CRA
Reference Ch. 618, 619, 5/09/2024; Bill, SB0041, HB0262, 4/3/2024; Citation: MD LEG 14-1203;
Functions Compliance; Financial; Legal; Reporting
Countries United States of America
Category
State
Products Corporate; CRA
Regions Am
Rule Type Final
Rule Date 4/3/2024
Effective Date 10/1/2024
Rule Id 207261
Linked to N/A
Reg. Last Update 5/9/2024
Report Section US Consumer

Last substantive update on 05/13/2024