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SB 317

Maryland - Session 2026

Senate introduced 2026-04-04
Bill Details

Title: Credit Regulation - Maximum Interest Rate for Active Service Members (Service Members Civil Relief Act)

Summary

Prohibiting a person from charging an annual interest rate above 6% per year on a certain obligation held by an active service member or jointly by an active service member and the active service member's spouse; requiring that the active service member or the active service member's spouse provide the creditor with certain notice and documentation not later than 180 days after termination or discharge from active duty; and authorizing a court to grant a creditor relief from application of the Act after a certain finding.

Sponsor
Senator Brooks
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-22 Introduced Bill introduced
2026-01-22 Status introduced
2026-04-04 Latest Action In the Senate - Hearing 2/12 at 1:00 p.m.