🔴Illinois HB 3773IN EFFECT$10M fine|🔴Texas TRAIGAIN EFFECTActive enforcement|⚠️Colorado SB 205Jun 30, 2026Per-violation fines|⚠️California SB 942Aug 2, 2026$5K/day|⚠️EU AI Act Art. 50Aug 2, 2026€35M or 7% revenue|⚠️Virginia HB 2154Jul 1, 2026$10K/violation|⚠️Connecticut SB 2Oct 1, 2026$25K/violation|🔴Illinois HB 3773IN EFFECT$10M fine|🔴Texas TRAIGAIN EFFECTActive enforcement|⚠️Colorado SB 205Jun 30, 2026Per-violation fines|⚠️California SB 942Aug 2, 2026$5K/day|⚠️EU AI Act Art. 50Aug 2, 2026€35M or 7% revenue|⚠️Virginia HB 2154Jul 1, 2026$10K/violation|⚠️Connecticut SB 2Oct 1, 2026$25K/violation|
HomeMarylandFinance & BankingEnterprise (250+)
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Maryland AI Laws for Enterprise (250+) in Finance & Banking

Comprehensive AI inventory, regular audits, board-level oversight, and dedicated legal counsel required.

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Maximum penalty: Up to $10,000 per violation
Applies to enterprise (250+) in finance & banking

Applicable law: HB 1339 — Automated Decision Systems

Employers must disclose AI use in hiring. Impact assessments required for high-stakes decisions.

Fair lending laws plus state AI requirements. AI credit decisions need documented bias testing.

Deadline: October 1, 2026Penalty: Up to $10,000 per violationStatus: Enacted

Other company sizes

🚀 Startups (1-10)🏪 Small Business (11-50)🏢 Mid-Market (51-250)
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How much does AI compliance cost?

Lawyer
$200-500
per hour
Enterprise tool
$10K+
per year
Our kit
$49
one-time

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