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

HB 730 (Franchise Reform Act) updates Maryland's franchise law to better protect franchisees and streamline regulation. It extends the time the Securities Commissioner can act on violations from 1 to 3 years, requires franchise registration exemptions to adjust for inflation using the Consumer Price Index, and creates a "Fast-Track Review Pilot Program" for renewal applications. The bill also prohibits franchisors from blocking franchisees from forming associations and clarifies when franchisees can sue for violations. These changes directly affect franchisors, franchisees, and the Securities Commissioner’s office, aiming to improve transparency and fairness in franchise sales.