2010 Regular Session

SENATE BILL 863

File Code: Commercial Law - Credit Regulation
Sponsored By:
Senators Lenett, Harrington, King, Madaleno, Pugh, Raskin, and Rosapepe
Entitled:
Credit Regulation - Loans Secured by Residential Real Property - Late or Delinquency Charges and Crediting of Payments

Synopsis:

Requiring all payments or portions of payments made on a specified consumer loan during a grace period to be credited to principal and interest due on the scheduled payment; prohibiting a late or delinquency charge from being charged on a specified consumer loan unless a scheduled payment is not paid in full during the grace period; altering the contents of a notice of intent to foreclose on residential property; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/12
First Reading Senate Rules
2/19
Re-referred Finance & Judicial Proceedings
Hearing 3/2 at 1:00 p.m. (Finance)
2/22
Hearing cancelled (Finance)
3/3
Hearing 3/17 at 1:00 p.m. (Finance)
4/9
Unfavorable Report by Finance
House Action
No Action

Sponsored by:

Senator Mike Lenett, District 19
Senator David C. Harrington, District 47
Senator Nancy J. King, District 39
Senator Richard S. Madaleno, Jr., District 18
Senator Catherine E. Pugh, District 40
Senator Jamie Raskin, District 20
Senator Jim Rosapepe, District 21

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Fees -see also- Attys` Fees; Devt Fees & Taxes; Reimb Rates.
Foreclosure
Loans -see also- Mortgages
Mortgages
Notices
Real Property

Bill affects the following Statutes:

Commercial Law
( 12-1008 )
Real Property
( 7-105.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Senate
Finance
Judicial Proceedings