2001 Regular Session

HOUSE BILL 536

File Code: Financial Institutions Prior Year Introduction As: HB 1078/00 - CGM Crossfiled with: SENATE BILL 601
Sponsored By:
Delegates Wood and Branch
Entitled:
Deferred Presentment Services - Licensing - Fees

Synopsis:

Requiring persons who provide deferred presentment services to be licensed by the Commissioner of Financial Regulation; specifying limitations on the fees that may be charged for deferred presentment services; requiring a licensee to provide a drawer of a check a prior notice and to document a deferred presentment service with a specified written agreement; exempting deferred presentment services from specified consumer loan laws; authorizing the Commissioner to impose specified remedies; etc.

History by Legislative Date

House Action
2/5
First Reading Commerce and Government Matters
2/7
Hearing 2/20 at 1:00 p.m.
2/13
Hearing cancelled
Hearing 3/6 at 1:00 p.m.
3/13
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate John F. Wood, Jr., District 29A
Delegate Talmadge Branch, District 45
Bill indexed under the following Subjects:
AUDITORS AND AUDITS
BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
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
FINANCIAL REGULATION, DIVISION OF
FINGERPRINTING
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
JURISDICTION
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
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 )

Documents:

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