HB0152 • 2026

Consumer Protection - Electronic Funds Transfers - Regulations (Elder Fraud Prevention Act of 2026)

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Delegate Stewart
Last action: 2026-01-19
Official status: In the House - Hearing 2/10 at 1:00 p.m.
Effective date: 2026-10-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Consumer Protection - Electronic Funds Transfers - Regulations (Elder Fraud Prevention Act of 2026)

Providing that consumer wire transfers involving electronic funds transfers made ancillary to bank-to-bank transfers via a wire service are subject to certain provisions of the federal Electronic Funds Transfer Act of 1978.

What This Bill Does

Providing that consumer wire transfers involving electronic funds transfers made ancillary to bank-to-bank transfers via a wire service are subject to certain provisions of the federal Electronic Funds Transfer Act of 1978.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-19 House
Hearing 2/10 at 1:00 p.m.
2026-01-14 House
First Reading Economic Matters
2025-09-17 House
Pre-filed
Maryland General Assembly
Text - First - Consumer Protection - Electronic Funds Transfers - Regulations (Elder Fraud Prevention Act of 2026)

Official Summary Text

Providing that consumer wire transfers involving electronic funds transfers made ancillary to bank-to-bank transfers via a wire service are subject to certain provisions of the federal Electronic Funds Transfer Act of 1978.

Current Bill Text

Read the full stored bill text

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
*hb0152*

HOUSE BILL 152
I3, I4 6lr0879
HB 332/25 – ECM (PRE–FILED)
By: Delegate Stewart
Requested: September 17, 2025
Introduced and read first time: January 14, 2026
Assigned to: Economic Matters

A BILL ENTITLED

AN ACT concerning 1

Consumer Protection – Electronic Funds Transfers – Regulations 2
(Elder Fraud Prevention Act of 2026) 3

FOR the purpose of providing that certain electronic fund s transfers are subject to the 4
provisions of a certain federal law; and generally relating to regulations for electronic 5
funds transfers. 6

BY adding to 7
Article – Commercial Law 8
Section 4A–508 9
Annotated Code of Maryland 10
(2013 Replacement Volume and 2025 Supplement) 11

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12
That the Laws of Maryland read as follows: 13

Article – Commercial Law 14

4A–508. 15

(A) THIS SECTION APPLIES TO ANY FINANCIAL INSTITUTION OPERATING IN 16
THE STATE. 17

(B) CONSUMER WI RE TRANSFERS INVOLVI NG ELECTRONIC FUND S 18
TRANSFERS MADE ANCILLARY TO BANK–TO–BANK TRANSFERS VIA A WIRE SERVICE 19
SHALL BE SUBJECT TO THE PROVISIONS OF TH E FEDERAL ELECTRONIC FUNDS 20
TRANSFER ACT OF 1978 (U.S.C. 1693 ET SEQ.). 21

2 HOUSE BILL 152

SECTION 2. AND BE IT FURTHER ENAC TED, That if this Act is held to be 1
inapplicable to federally chartered financial institutions, or financial institutions operating 2
in the State that are chartered outside the State, for any reason in a court of competent 3
jurisdiction, this Act, with no fu rther action required by the General Assembly, shall be 4
abrogated and of no further force and effect. 5

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect 6
October 1, 2026. 7