HOUSE BILL 229

Sponsored By:

Delegates Kirk, Love, McHale, and Harrison

Entitled:

Premium Finance Agreements - Delinquency and Collection Charge - Cancellation Charge

Synopsis:

Increasing the maximum amount of a delinquency and collection charge with respect to private passenger automobile or personal fire or liability insurance that may be imposed under a premium finance agreement from $5 to $8; and increasing the amount of a cancellation charge with respect to private passenger automobile or personal fire or liability insurance that may be imposed under a premium finance agreement from $10 to $15.

History by Legislative Date

House Action

1/18

First Reading Economic Matters

1/30

Hearing 2/7 at 1:00 p.m.

2/25

Favorable Report by Economic Matters

2/26

Favorable Report Adopted

Second Reading Passed

2/28

Third Reading Passed (135-2)

4/5

House Concur - Senate Amendments

Third Reading Passed (120-2)

Passed Enrolled

5/6

Signed by the Governor Chapter 356

Senate Action

3/1

First Reading Finance

3/8

Hearing 3/26 at 2:30 p.m.

3/12

Hearing cancelled

Hearing 3/26 at 3:00 p.m.

3/28

Favorable with Amendments Report by Finance

3/29

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/30

Third Reading Passed with Amendments (46-0)

Sponsored by:

Delegate Ruth M. Kirk, District 44

Delegate Hattie N. Harrison, District 45

Delegate Mary Ann E. Love, District 32

Delegate Brian K. McHale, District 47A

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

FEES -see also- DEVELOPMENT FEES AND TAXES

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND

Bill affects the following Statutes:

Insurance

( 23-306 , 23-307 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 237677/1 (PDF)     Offered on: March 29, 2002   at: 10:31 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

February 28, 2002: Third Reading Passed (135-2)

April 5, 2002: Third Reading Passed (120-2)

Senate

March 30, 2002: Third Reading Passed (46-0)