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Bill

SB 415

Business Regulation - Maryland Franchise Registration and Disclosure Law - Alterations (Franchise Reform Act)

2026 Regular Session Introduced by Pam Beidle

SB 415 modifies Maryland's franchise registration and disclosure law requirements, affecting regulatory standards for franchisors and protections for franchisee investors.

Returned Passed
0
WeVote Research Nonpartisan
Bill Summary · SB 415

Legislative bill overview

SB 415 modifies Maryland's franchise registration and disclosure requirements, altering the regulatory framework that governs how franchisors must register and disclose information to prospective franchisees. The bill adjusts existing standards under the Maryland Franchise Registration and Disclosure Law, though specific amendments are not detailed in the available action record.

Why is this important

Franchise disclosure laws protect potential franchise buyers from fraud and undisclosed material facts by requiring franchisors to provide detailed financial and operational information upfront. Changes to these requirements directly affect both franchise businesses operating in Maryland and individuals considering franchise investments, as they can either strengthen or weaken consumer protections and regulatory compliance burdens.

Potential points of contention

  • Whether modifications reduce regulatory burdens on franchisors (potentially easing compliance costs) versus whether they adequately protect franchisee interests and consumer safeguards
  • The scope of disclosure requirements and whether altered standards align with other states' franchise laws or federal guidelines, affecting multi-state franchise operations
  • Whether changes address legitimate business concerns (excessive paperwork, outdated requirements) or remove protections that have historically prevented franchise fraud and failed investments

Compiled from official sources — confirm details with the bill’s official record.

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