File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 441
- Sponsored By:
-
Chairman, Commerce and Government Matters Committee and Delegate
Faulkner
- Entitled:
-
Consumer Credit - Mortgage Lenders - Regulatory Reform
Altering the licensing and regulation of mortgage lenders and brokers;
adding specified exemptions; imposing additional licensure
requirements; specifying fees, penalties, bonding and disclosure
requirements, etc., for mortgage brokers; revising the payment
schedule and increasing the term for specified licensure fees;
altering specified credit laws; expressing a policy on this State's
law applicability to specified home equity lines of credit secured by
secondary liens on residential real property; etc.
House Action
- 11/7
- Pre-filed
- 1/8
- First Reading Commerce and Government Matters
- 1/22
- Hearing 2/4 at 1:15 p.m.
Senate Action
- No Action
- Sponsored by:
- Chairman, Commerce & Government Matters Comm itte
- Delegate Patricia Anne Faulkner, District 14A
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
- CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- CREDIT
- DISCLOSURE
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- FRAUD
- LICENSES -see also- ALCOHOLIC BEVERAGES LICENSES
- LOANS
- MORTGAGES
- PENALTIES
- PERJURY
- Bill affects the following Statutes:
- Commercial Law
- (
12-903 ,
12-913.1 ,
12-1005
)
- Financial Institutions
- (
11-501 ,
11-502 ,
11-505 ,
11-506 ,
11-506.1 ,
11-507 ,
11-508 ,
11-511 ,
11-512 ,
11-521.1 ,
11-523 ,
12-1005
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)