Legislation

Title: Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
Sponsored by: Delegate Olszewski
Status: Vetoed by the Governor (Duplicative)
Analysis: Fiscal and Policy Note

Synopsis

Altering the interest rate payable by specified lending institutions on escrow accounts created in connection with loans secured by a first mortgage or first deed of trust on residential real property; altering the interest rate payable by specified banking institutions on interest bearing accounts instituted for a specific purpose; and applying the Act retroactively to escrow accounts and savings accounts in existence on or after January 1, 2014.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Details

Cross-filed with: SB0583

Bill File Type: Regular

Effective Date(s): June 1, 2014

History

Legislation History
Chamber House Calendar Date 1/31/2014 Legislative Date 1/31/2014 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/04/2014 Legislative Date 2/04/2014 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/03/2014 Legislative Date 3/03/2014 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/04/2014 Legislative Date 3/04/2014 Action Favorable Report Adopted Proceedings 40
Chamber House Calendar Date 3/04/2014 Legislative Date 3/04/2014 Action Second Reading Passed Proceedings 40
Chamber House Calendar Date 3/06/2014 Legislative Date 3/06/2014 Action Third Reading Passed (134-0) Proceedings 42
Chamber Senate Calendar Date 3/07/2014 Legislative Date 3/07/2014 Action First Reading Finance Proceedings 41
Chamber Senate Calendar Date 3/11/2014 Legislative Date 3/11/2014 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/24/2014 Legislative Date 3/25/2014 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/25/2014 Legislative Date 3/18/2014 Action Favorable Report Adopted Proceedings 52
Chamber Senate Calendar Date 3/25/2014 Legislative Date 3/18/2014 Action Second Reading Passed Proceedings 52
Chamber Senate Calendar Date 3/26/2014 Legislative Date 3/19/2014 Action Third Reading Passed (46-0) Proceedings 53
Chamber House Calendar Date 3/26/2014 Legislative Date 3/21/2014 Action Returned Passed Proceedings 57
Chamber Post Passage Calendar Date 5/15/2014 Legislative Date 5/15/2014 Action Vetoed by the Governor (Duplicative) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/31/2014	1/31/2014	First Reading Economic Matters
House	2/04/2014	2/04/2014	Hearing 2/19 at 1:00 p.m.
House	3/03/2014	3/03/2014	Favorable Report by Economic Matters
House	3/04/2014	3/04/2014	Favorable Report Adopted	40
House	3/04/2014	3/04/2014	Second Reading Passed	40
House	3/06/2014	3/06/2014	Third Reading Passed (134-0)	42
Senate	3/07/2014	3/07/2014	First Reading Finance	41
Senate	3/11/2014	3/11/2014	Hearing 3/20 at 1:00 p.m.
Senate	3/24/2014	3/25/2014	Favorable Report by Finance
Senate	3/25/2014	3/18/2014	Favorable Report Adopted	52
Senate	3/25/2014	3/18/2014	Second Reading Passed	52
Senate	3/26/2014	3/19/2014	Third Reading Passed (46-0)	53
House	3/26/2014	3/21/2014	Returned Passed	57
Post Passage	5/15/2014	5/15/2014	Vetoed by the Governor (Duplicative)

Documents

Date Posted	Document Name
1/31/2014	Text - First - Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
3/04/2014	Text - Third - Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
6/25/2014	Governor's Veto Letter
3/03/2014	Vote - House - Committee - Economic Matters
3/24/2014	Vote - Senate - Committee - Finance
3/06/2014	Vote - House Floor - Third Reading Passed (134-0) - 03/06/14
3/19/2014	Vote - Senate Floor - Third Reading Passed (46-0) - 03/19/14

File Code

Subjects

Statutes