2011 Regular Session

SENATE BILL 741

CHAPTER NUMBER: 280
File Code: Financial Institutions Crossfiled with: HOUSE BILL 1022
Sponsored By:
Senators Pugh and Madaleno
Entitled:
Commercial Law - Debt Settlement Services

Synopsis:

Prohibiting a person from providing debt settlement services in the State unless the person is registered as a debt settlement services provider with the Commissioner of Financial Regulation or is exempt; prohibiting a registrant from charging a debt settlement services fee until after specified actions have taken place; requiring that a debt settlement services agreement include specified information and disclosures; providing that a violation of the Act is an unfair or deceptive trade practice; terminating the Act on June 30, 2015; 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
2/4
First Reading Finance
2/9
Hearing 3/1 at 1:00 p.m.
3/25

Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (46-0)
4/4
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
Conference Committee Appointed
Senators Middleton, Pugh, and Kittleman
4/7
Conference Committee Report Adopted
Third Reading Passed (44-0)
4/8
Passed Enrolled
House Action
3/27
First Reading Economic Matters
4/6
Favorable with Amendments Report by Economic Matters
4/2
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed with Amendments (96-39)
4/5
House Refuses to Recede
Conference Committee Appointed
Delegates Vaughn, Stifler, and Barnes
4/8
Conference Committee Report Adopted
Third Reading Passed (125-15)
Action after passage in Senate and House
5/10
Approved by the Governor
- Chapter 280

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator Richard S. Madaleno, Jr., District 18

Bill indexed under the following Subjects:

Advertising
Bonds -see also- County & Baltimore City Bonds; State Bonds.
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Debt Collection -see also- Attachments and Garnishments
Debt Management
Disclosure
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Financial Regulation, Division of
Penalties and Sentences -see also- Death Penalty
Registration -see also- Motor Vehicle Registration
Reports
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Rules and Regulations
Sunset
Unfair Trade Practices

Bill affects the following Statutes:

Commercial Law
( 13-301 , 13-301 , 13-301 )
Financial Institutions
( 12-905 , 12-1001 , 12-1002 , 12-1003 , 12-1004 , 12-1005 , 12-1006 , 12-1007 , 12-1008 , 12-1009 , 12-1010 , 12-1011 , 12-1012 , 12-1013 , 12-1014 , 12-1015 , 12-1016 , 12-1017 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 367179/01     Offered on: March 25, 2011   at: 12:10 p.m.     Status: Adopted
House
Number: 773797/01     Offered on: April 6, 2011   at: 10:44 a.m.     Status: Adopted
Conference Committee Documents:
Report Number: 113321/1     Offered on: April 11, 2011   at: 10:13 p.m.     Status: Adopted
Amendment Number: 443920/1     Offered on: April 11, 2011   at: 10:13 p.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2011: Third Reading Passed (46-0)
April 7, 2011: Third Reading Passed (44-0)
House
April 3, 2011: Third Reading Passed (96-39)
April 8, 2011: Third Reading Passed (125-15)