2002 Regular Session

HOUSE BILL 715

CHAPTER NUMBER: 539 File Code: Financial Institutions Crossfiled with: SENATE BILL 774
Sponsored By:
Delegate Wood
Entitled:
Maryland Money Transmission Act

Synopsis:

Prohibiting a person from engaging in the business of money transmission unless licensed by the Commission of Financial Regulation; altering the scope of specified provisions of law relating to money transmission; establishing a Money Transmission Fund; requiring an applicant to provide specified business and financial information, pay specified application and license fees, file evidence of a surety device, and provide fingerprints; imposing requirements and restrictions on an authorized delegate of a licensee; etc.

History by Legislative Date

House Action
2/6
First Reading Commerce and Government Matters
2/7
Hearing 3/5 at 1:00 p.m.
3/13
Favorable with Amendments Report by Commerce and Government Matters
3/14
Favorable with Amendments Report Adopted
Special Order 3/15 (Delegate Healey) Adopted
3/15
Second Reading Passed with Amendments
3/19
Third Reading Passed (139-0)
4/5
House Concur - Senate Amendments
Third Reading Passed (136-0)
Passed Enrolled
5/16
Signed by the Governor Chapter 539
Senate Action
3/20
First Reading Finance
Hearing 3/27 at 1:00 p.m.
4/1
Favorable with Amendments Report by Finance
3/31
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/1
Third Reading Passed with Amendments (46-0)
Bill indexed under the following Subjects:
BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
BUDGETS -see also- CAPITAL BUDGETS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
CRIMINAL BACKGROUND INVESTIGATIONS
ELECTRONIC COMMERCE -see also- ELECTRONIC FUNDS TRANSFER
ELECTRONIC FUNDS TRANSFER
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINANCIAL REGULATION, DIVISION OF
FINES
FINGERPRINTING
HEARINGS
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
INVESTMENTS -see also- SECURITIES
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
NOTICES
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
REPORTS
Bill affects the following Statutes:
Financial Institutions
( 12-401 , 12-402 , 12-403 , 12-404 , 12-404 , 12-405 , 12-406 , 12-407 , 12-408 , 12-408 , 12-409 , 12-410 , 12-411 , 12-412 , 12-413 , 12-414 , 12-414 , 12-415 , 12-415 , 12-416 , 12-417 , 12-417 , 12-418 , 12-419 , 12-420 , 12-421 , 12-422 , 12-423 , 12-424 , 12-424 , 12-425 , 12-427 , 12-430 , 12-431 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 766388/1 (PDF)     Offered on: March 14, 2002   at: 10:20 a.m.     Status: Adopted
Senate
Number: 617870/1 (PDF)     Offered on: April 2, 2002   at: 8:06 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 19, 2002: Third Reading Passed (139-0)
April 5, 2002: Third Reading Passed (136-0)
Senate
April 1, 2002: Third Reading Passed (46-0)