2000 Regular Session

SENATE BILL 145

CHAPTER NUMBER: 59 File Code: Commercial Law - Generally Crossfiled with: HOUSE BILL 251
Sponsored By:
Senator Bromwell
Entitled:
Consumer Protection - Contracts - Late Fees

Synopsis:

Clarifying the circumstances under which parties to a contract may agree to the payment of late fees; authorizing the parties to a contract to agree to require that late fees be paid when a party fails to make a payment when due; requiring full disclosure of any late fees; requiring that specified late fees be disclosed in a specified manner; establishing specified limitations on the amount and duration of late fees included in specified consumer contracts; etc.

History by Legislative Date

Senate Action
1/19
First Reading Finance
Hearing 1/25 at 1:00 p.m.
1/20
Hearing cancelled
Hearing 2/1 at 1:00 p.m.
1/24
Hearing cancelled
Hearing 2/1 at 1:30 p.m.
2/24
Favorable with Amendments Report by Finance
2/25
Favorable with Amendments
Laid Over (Senator Bromwell) Adopted
2/28
Favorable with Amendments
Special Order 3/1 (Senator Madden) Adopted
3/1
Favorable with Amendments Report Adopted
Floor Amendment (Senator Madden) Adopted
Floor Amendment (Senator Frosh) Rejected (17-30)
Floor Amendment (Senator Green) Adopted
Floor Amendment (Senator Frosh) Rejected
Second Reading Passed with Amendments
3/3
Third Reading Passed (33-14)
4/3
Senate Concur - House Amendments (43-2)
Third Reading Passed (36-10)
Passed Enrolled
4/25
Signed by the Governor Chapter 59
House Action
3/6
First Reading Economic Matters
3/22
Hearing 3/28 at 1:00 p.m.
3/30
Favorable with Amendments Report by Economic Matters
3/28
Favorable with Amendments Report Adopted
Floor Committee Amendment Adopted
Second Reading Passed with Amendments
3/29
Special Order 4/4 (Delegate Gordon) Adopted
3/31
Floor Amendment (Delegate Gladden) Rejected (38-82)
Floor Amendment (Delegate Bartlett) Rejected
Floor Amendment (Delegate Cole) Rejected (38-85)
Motion vote previous question (Delegate Minnick) Adopted
Third Reading Passed with Amendments (108-27)
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
HOMEOWNERS ASSOCIATIONS
Bill affects the following Statutes:
Commercial Law
( 14-1315 , 14-1315 , 14-1315 , 14-1315 )
Real Property
( 11B-112.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 397871/1 (PDF)     Offered on: March 1, 2000   at: 10:52 a.m.     Status: Adopted
Number: 443429/1 (PDF)     Offered on: March 1, 2000   at: 10:58 a.m.     Status: Adopted
Number: 733628/1 (PDF)     Offered on: March 1, 2000   at: 12:14 p.m.     Status: Rejected
Number: 953420/1 (PDF)     Offered on: March 1, 2000   at: 12:12 p.m.     Status: Adopted
Number: 983729/1 (PDF)     Offered on: March 1, 2000   at: 10:58 a.m.     Status: Rejected
House
Number: 053426/1 (PDF)     Offered on: April 4, 2000   at: 11:49 a.m.     Status: Rejected
Number: 323394/2 (PDF)     Offered on: March 30, 2000   at: 10:51 a.m.     Status: Adopted
Number: 443522/2 (PDF)     Offered on: April 4, 2000   at: 11:04 a.m.     Status: Rejected
Number: 553392/1 (PDF)     Offered on: March 30, 2000   at: 10:49 a.m.     Status: Adopted
Number: 663929/1 (PDF)     Offered on: April 4, 2000   at: 11:33 a.m.     Status: Rejected
Roll Call Votes (Legislative dates are shown):
Senate
March 1, 2000: Floor Amendment (Frosh) {983729/1 Rejected (17-30)
March 3, 2000: Third Reading Passed (33-14)
April 3, 2000: Senate Concur - House Amendments (43-2)
April 3, 2000: Third Reading Passed (36-10)
House
March 31, 2000: Floor Amendment (Gladden) {443522/2 Rejected (38-82)
March 31, 2000: Floor Amendment (Cole) {053426/1 Rejected (38-85)
March 31, 2000: Third Reading Passed (108-27)