1999 Regular Session

SENATE BILL 361

CHAPTER NUMBER: 556 File Code: Commercial Law - Credit Regulation
Sponsored By:
Senator Astle
Entitled:
Credit Regulation - Financing of Prior Loan Balances

Synopsis:

Providing that the amount credited for the agreed value of goods, which must be stated in an installment sale agreement, may include specified amounts actually paid or to be paid by the seller on behalf of the buyer under specified circumstances; providing that provisions of Maryland law governing credit grantor closed end credit do not prohibit a credit grantor from including in the loan amount specified amounts actually paid or to be paid by the credit grantor on behalf of the borrower under specified circumstances; etc.

History by Legislative Date

Senate Action
2/5
First Reading Finance
2/9
Hearing 2/23 at 1:00 p.m.
3/1

Favorable with Amendments Report by Finance
3/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/5
Third Reading Passed (44-0)
4/5
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
5/27
Signed by the Governor Chapter 556
House Action
3/8
First Reading Commerce and Government Matters
3/10
Hearing 3/24 at 1:00 p.m.
4/1
Favorable with Amendments Report by Commerce and Government Matters
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed with Amendments (136-0)
Bill indexed under the following Subjects:
CREDIT
DISCLOSURE
FEDERAL GOVERNMENT
LEASES AND RENT -see also- EVICTION
LICENSES -see also- ALC. BEVERAGES LIC; DRIVERS' LIC
LOANS
MOTOR VEHICLES -see also- ABANDONED VEH; OFF-RD. VEH.; TRUCK
Bill affects the following Statutes:
Commercial Law
( 12-606 , 12-606 , 12-1012 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 547168/1 (PDF)     Offered on: March 3, 1999   at: 10:27 a.m.     Status: Adopted
House
Number: 496279/1 (PDF)     Offered on: April 1, 1999   at: 10:18 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 5, 1999: Third Reading Passed (44-0)
April 5, 1999: Third Reading Passed (47-0)
House
March 31, 1999: Third Reading Passed (136-0)