HOUSE BILL 1227

File Code: Commercial Law - Credit Regulation

Sponsored By:

Delegate Giannetti

Entitled:

Credit Regulation - Permitted Rates of Interest - Loans to Limited Liability Companies

Synopsis:

Authorizing lenders who make loans under specified provisions of law to charge interest at any rate if the loan is made to a limited liability company.

History by Legislative Date

House Action

2/11

First Reading Commerce and Government Matters

2/16

Hearing 3/7 at 1:00 p.m.

3/9

Unfavorable Report by Commerce and Government Matters

Senate Action

No Action

Bill indexed under the following Subjects:

INTEREST

LIMITED LIABILITY COMPANIES

LOANS -see also- MORTGAGES

Bill affects the following Statute:

Commercial Law

( 12-103 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered