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The bill mandates consumer reporting agencies using algorithms to evaluate credit information to meet specific requirements and implement training and whistleblower protections.
If you operate a consumer reporting agency in Maryland, you must comply with algorithm assessment requirements and training mandates by the effective date or face penalties.
State
Maryland
Bill Number
HB1477
Status
Introduced
Risk Level
High
Category
Comprehensive
Last Action
Mar 3, 2025
Last Verified
May 4, 2026
Data Updated
May 4, 2026
What do these statuses mean?▼
Introduced— Filed in the legislature; not yet heard in committee
In Committee— Assigned to and being reviewed by a legislative committee
Passed— Approved by one or both chambers; awaiting further action
Signed / Enacted— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed— Vetoed, failed to pass, or session expired without action
Unknown— Status data not yet available or awaiting classification
HB1477 aims to regulate the use of algorithmic systems by consumer reporting agencies in Maryland. It requires these agencies to meet specific assessment thresholds for algorithms, ensure regular training for human reviewers, and implement a whistleblower protection program. This bill will impact how consumer credit information is processed and evaluated, emphasizing accountability and transparency in algorithmic decision-making.
Key Provisions
Establishes assessment thresholds for algorithms used by consumer reporting agencies.
Mandates regular training for human reviewers of algorithmic evaluations.
Implements a whistleblower protection program for employees reporting unethical practices.
Latest Legislative Action
Hearing canceled
Bill Sponsors
Name
Role
District
Terri HillD
Sponsor
HD-012
Compliance Checklist
Establish assessment thresholds for algorithms Who: Consumer reporting agencies Penalty: Potential penalties for non-compliance
Implement regular training for human reviewers Who: Consumer reporting agencies Penalty: Potential penalties for non-compliance
Set up a whistleblower protection program Who: Consumer reporting agencies Penalty: Potential penalties for non-compliance
HB1477 introduces significant regulatory measures for consumer reporting agencies that utilize algorithmic systems to compile or assess consumer credit information. The bill mandates that these agencies establish assessment thresholds for their algorithms, ensuring that the algorithms used are fair and transparent. Additionally, it requires regular training for human reviewers involved in the evaluation process, which aims to enhance the oversight of algorithmic decisions. A whistleblower protection program is also mandated, encouraging employees to report any unethical practices without fear of retaliation. Compliance with these provisions is crucial for agencies to avoid potential penalties. This bill aligns with broader trends in AI regulation, emphasizing accountability and ethical standards in technology use. Similar regulations are emerging in other states, reflecting a growing recognition of the need for oversight in algorithmic decision-making processes.
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