HB0723 (CH0421)

Find a 2014 Bill:

2014 Regular Session



Money Transmission - Protection From Financial Abuse, Financial Exploitation, and Fraud - Requirements

Sponsored by:

Delegate Kramer


Approved by the Governor - Chapter 421

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.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Kramer and Simmons
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2014
Economic Matters   View Committee HearingFinance   View Committee Hearing
Broad Subject(s):Financial Institutions
Commercial Law - Consumer Protection
Narrow Subject(s):Agents and Brokers
Banks and Trust Companies
Consumer Protection -see also- Unfair Trade Practices
Elder Abuse and Neglect
Elderly Persons
Electronic Funds Transfer
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Fraud -see also- Forgery
Job Training
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Records -see also- Land Records; Vital Records

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:51 P.M.