HB1270 (CH0724)

Find a 2017 Bill:

2017 Regular Session



Credit Regulation - Unsecured Open End Credit Plans - Fees and Charges

Sponsored by:

Delegate Waldstreicher


Approved by the Governor - Chapter 724

Synopsis:Providing that specified fees and charges permitted to be imposed on a consumer borrower under an unsecured open end credit plan, when combined with any interest charged under the plan, may not exceed an effective rate of 33% per annum simple interest; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Waldstreicher, Adams, Brooks, Clippinger, Fennell, Frick, Gutierrez, Hettleman, Lam, R. Lewis, Lierman, Lisanti, Stein, Sydnor, Tarlau, and Mosby
Additional Facts:Cross-filed with: SB0527
Bill File Type: Regular
Effective Date(s): July 1, 2017
Economic Matters  View Committee HearingFinance  View Committee Hearing
Broad Subject(s):Commercial Law - Credit Regulation
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Consumer Protection -see also- Unfair Trade Practices
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Rules and Regulations
Statutes:Article - Commercial Law

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Explanation of Floor Motions and Actions

November 28, 2017 1:06 P.M.