File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 898
- Sponsored By:
-
Delegate Feldman
- Entitled:
-
Credit Regulation - Installment Loans Secured by Motor Vehicle Lien - Balloon
Payments
Authorizing a credit grantor that makes a specified installment loan
to a consumer borrower to require the consumer borrower to pay a
balloon payment at maturity of the installment loan if the amount of
the installment loan exceeds $30,000 and the installment loan is
secured by a lien on a motor vehicle.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 2/17
- First Reading Economic Matters
- 2/18
- Hearing 3/11 at 1:00 p.m.
- 3/25
- Favorable with Amendments Report by Economic Matters
- 3/23
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/24
- Third Reading Passed (141-0)
- 4/3
- Returned Passed
Senate Action
- 3/26
- First Reading Finance
- 3/31
- Hearing 4/7 at 1:00 p.m.
- 4/8
- Favorable Report by Finance
- 4/4
- Favorable Report Adopted
- Second Reading Passed
- 4/5
- Third Reading Passed (44-1)
Action after passage in House and Senate
- 5/20
- Approved by the Governor
- - Chapter 633
Bill indexed under the following Subjects:
- Consumer Protection -see also- Unfair Trade Practices
- Liens -see also- Mechanics` Liens
- Loans -see also- Mortgages
- Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.
Bill affects the following Statute:
- Commercial Law
- (
12-1003
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note:
Available
- Amendments:
House
- Number: 543991/01 Offered on: March 25, 2010 at:
10:22 a.m. Status: Adopted
-
Committee Votes :
House
- Economic Matters
Senate
- Finance
- Roll Call Votes (Legislative dates are shown):
House
- March 24, 2010: Third Reading Passed (141-0)
Senate
- April 5, 2010: Third Reading Passed (44-1)
