SB0527 (CH0723)

Find a 2017 Bill:

2017 Regular Session



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

Sponsored by:

Senator Middleton


Approved by the Governor - Chapter 723

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
All Sponsors:Senator Middleton
Additional Facts:Cross-filed with: HB1270
Bill File Type: Regular
Effective Date(s): July 1, 2017
Finance  View Committee HearingEconomic Matters
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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Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:11 P.M.