Legislation

Title: Money Transmission - Protection From Financial Abuse, Financial Exploitation, and Fraud - Requirements
Sponsored by: Delegates Kramer and Simmons
Status: Approved by the Governor - Chapter 421
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring a licensee engaged in the business of money transmission to provide specified training materials to specified agents annually on how to recognize financial abuse and financial exploitation of elder adults and how to respond appropriately to specified circumstances; requiring a licensee to provide specified materials to newly appointed agents within 1 month of the agent's appointment; requiring a licensee to include a clear, concise, and conspicuous fraud warning on all transmittal forms used to send money; providing an exception; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): October 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 with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/04/2014 Legislative Date 3/04/2014 Action Favorable with Amendments {523193/1 Report Adopted Proceedings 40
Chamber House Calendar Date 3/04/2014 Legislative Date 3/04/2014 Action Second Reading Passed with Amendments Proceedings 40
Chamber House Calendar Date 3/06/2014 Legislative Date 3/06/2014 Action Third Reading Passed (136-0) 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 3/26 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/31/2014 Legislative Date 4/01/2014 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/01/2014 Legislative Date 3/23/2014 Action Favorable with Amendments {127379/1 Report Adopted Proceedings 57
Chamber Senate Calendar Date 4/01/2014 Legislative Date 3/23/2014 Action Second Reading Passed with Amendments Proceedings 57
Chamber Senate Calendar Date 4/02/2014 Legislative Date 3/24/2014 Action Third Reading Passed with Amendments (47-0) Proceedings 58
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action House Concur - Senate Amendments Proceedings 63
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action Third Reading Passed (137-0) Proceedings 63
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action Passed Enrolled Proceedings 63
Chamber Post Passage Calendar Date 5/05/2014 Legislative Date 5/05/2014 Action Approved by the Governor - Chapter 421 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 with Amendments Report by Economic Matters
House	3/04/2014	3/04/2014	Favorable with Amendments {523193/1 Report Adopted	40
House	3/04/2014	3/04/2014	Second Reading Passed with Amendments	40
House	3/06/2014	3/06/2014	Third Reading Passed (136-0)	42
Senate	3/07/2014	3/07/2014	First Reading Finance	41
Senate	3/11/2014	3/11/2014	Hearing 3/26 at 1:00 p.m.
Senate	3/31/2014	4/01/2014	Favorable with Amendments Report by Finance
Senate	4/01/2014	3/23/2014	Favorable with Amendments {127379/1 Report Adopted	57
Senate	4/01/2014	3/23/2014	Second Reading Passed with Amendments	57
Senate	4/02/2014	3/24/2014	Third Reading Passed with Amendments (47-0)	58
House	4/03/2014	3/27/2014	House Concur - Senate Amendments	63
House	4/03/2014	3/27/2014	Third Reading Passed (137-0)	63
House	4/03/2014	3/27/2014	Passed Enrolled	63
Post Passage	5/05/2014	5/05/2014	Approved by the Governor - Chapter 421

Documents

Date Posted	Document Name
4/01/2014	Amendments Senate - (Finance) {127379/01 Adopted
3/04/2014	Amendments House - (Economic Matters) {523193/01 Adopted
1/31/2014	Text - First - Money Transmission - Protection of Elder Adults From Financial Abuse and Financial Exploitation - Training
3/04/2014	Text - Third - Money Transmission - Protection From Financial Abuse, Financial Exploitation, and Fraud - Requirements
4/03/2014	Text - Enrolled - Money Transmission - Protection From Financial Abuse, Financial Exploitation, and Fraud - Requirements
5/09/2014	Text - Chapter - Money Transmission - Protection From Financial Abuse, Financial Exploitation, and Fraud - Requirements
3/03/2014	Vote - House - Committee - Economic Matters
3/31/2014	Vote - Senate - Committee - Finance
3/06/2014	Vote - House Floor - Third Reading Passed (136-0) - 03/06/14
3/27/2014	Vote - House Floor - Third Reading Passed (137-0) - 03/27/14
3/24/2014	Vote - Senate Floor - Third Reading Passed (47-0) - 03/24/14

File Code

Subjects

Statutes