§ 12-1504
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/md/commercial-law/12-1504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1504.
A provider of earned wage access may not:
(1)Share with an employer any fees, tips, or other charges received from a consumer for earned wage access;
(2)Condition a consumer’s ability to obtain earned wage access on the consumer’s ability or willingness to pay the provider a tip;
(3)Charge a consumer a late fee, interest, or other penalty for failure to pay any proceeds, fees, or tips;
(4)Report any information about a consumer’s failure to pay any proceeds, fees, or tips to any consumer reporting agency;
(5)Obtain a consumer’s credit report as a method of qualifying the consumer for earned wage access;
(6)Receive interest from a consumer; or
(7)Compel or attempt to compel payment by a consumer of any proceeds, fees, tips, gratuities, or other donations through:
(i)A civil action against the consumer;
(ii)The use of a third party to pursue collection from the consumer on the provider’s behalf; or
(iii)The sale or assignment of outstanding amounts to a third–party collector or debt buyer for collection from the consumer.