Maryland SB582 regulates unsolicited loans by prohibiting creditors from sending checks or other negotiable instruments to individuals who have not.

Maryland SB582 amends the Commercial Law to protect consumers from unsolicited loans. It prohibits creditors from sending checks or other negotiable instruments to individuals who have not requested credit. Individuals who receive such instruments are not liable for the amount unless they negotiate the instrument. Violators face fines up to $500. The law takes effect October 1, 2026.

Maryland SB582 regulates unsolicited loans by prohibiting creditors from sending checks or other negotiable instruments to individuals who have not.

Maryland SB582 amends the Commercial Law to protect consumers from unsolicited loans. It prohibits creditors from sending checks or other negotiable instruments to individuals who have not requested credit. Individuals who receive such instruments are not liable for the amount unless they negotiate the instrument. Violators face fines up to $500. The law takes effect October 1, 2026.