2000 Regular Session

HOUSE BILL 1078

File Code: Financial Institutions
Sponsored By:
Delegate Wood
Entitled:
Deferred Presentment Services - Licensing - Fees

Synopsis:

Requiring persons who provide deferred presentment services in the State to be licensed by the Commissioner of Financial Regulation; specifying requirements an applicant must satisfy to qualify for a license, including surety bond and fingerprinting requirements; requiring and authorizing the Commissioner to conduct examinations and investigations; authorizing a licensee to charge a fee not to exceed 12% of the amount paid by the licensee to the drawer of a check held for deferred presentment; etc.

History by Legislative Date

House Action
2/11
First Reading Commerce and Government Matters
2/15
Hearing 3/2 at 1:00 p.m.
3/6
Withdrawn
Senate Action
No Action
Bill indexed under the following Subjects:
AUDITORS AND AUDITS
CHECKS
CIRCUIT COURTS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
CRIMINAL BACKGROUND INVESTIGATIONS
DISCLOSURE
DISTRICT COURTS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINGERPRINTING
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
JURISDICTION
LABOR, LICENSING, AND REGULATION, DEPARTMENT OF
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
LOANS -see also- MORTGAGES
NOTICES
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
REPORTS
RULES AND REGULATIONS
UNFAIR TRADE PRACTICES
Bill affects the following Statutes:
Commercial Law
( 12-101 , 12-101 , 12-301 , 12-301 )
Courts and Judicial Proceedings
( 4-301 , 4-302 )
Financial Institutions
( 1-101 , 1-101 , 11-601 , 11-602 , 11-603 , 11-604 , 11-605 , 11-606 , 11-607 , 11-608 , 11-609 , 11-610 , 11-611 , 11-612 , 11-613 , 11-614 , 11-615 , 11-616 , 11-617 , 11-618 , 11-619 , 11-620 , 11-621 , 11-622 , 11-623 , 11-624 , 11-625 , 11-626 , 11-627 , 11-628 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered