Maryland SB415 amends the Maryland Franchise Registration and Disclosure Law to enhance franchise regulation and consumer protection.

Maryland SB415 introduces several changes to the Maryland Franchise Registration and Disclosure Law, focusing on enhancing franchise regulation and consumer protection. The bill mandates the registration of franchise offers with the Commissioner before sale, establishes a Franchise Disclosure Document Renewal Fast-Track Review Pilot Program, and requires franchisors to adjust net equity amounts based on inflation. It also outlines procedures for cease and desist orders, civil liability for unregistered franchise sales, and the protection of franchisees' rights to join trade associations.

Maryland SB415 amends the Maryland Franchise Registration and Disclosure Law to enhance franchise regulation and consumer protection.

Maryland SB415 introduces several changes to the Maryland Franchise Registration and Disclosure Law, focusing on enhancing franchise regulation and consumer protection. The bill mandates the registration of franchise offers with the Commissioner before sale, establishes a Franchise Disclosure Document Renewal Fast-Track Review Pilot Program, and requires franchisors to adjust net equity amounts based on inflation. It also outlines procedures for cease and desist orders, civil liability for unregistered franchise sales, and the protection of franchisees' rights to join trade associations.