2001 Regular Session

HOUSE BILL 631

File Code: Business Regulation and Occupations
Sponsored By:
Delegate Donoghue
Entitled:
Preneed Burial Contracts - Interest and Finance Charges

Synopsis:

Altering the conditions under which a preneed burial contract may provide for interest or a finance charge; providing that a preneed burial contract that provides for interest or a finance charge is subject to Title 12, Subtitles 5 and 6 of the Commercial Law Article; providing that if a registered cemeterian or permit holder sells a preneed burial contract to a commercial lending institution, the purchasing lending institution is restricted to the financing terms of the preneed burial contract; etc.

History by Legislative Date

House Action
2/7
First Reading Economic Matters
2/14
Hearing 3/7 at 1:00 p.m.
3/23
Unfavorable Report by Economic Matters
Senate Action
No Action
Bill indexed under the following Subjects:
CEMETERIES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FUNERALS
INTEREST
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
Bill affects the following Statute:
Business Regulation
( 5-704 )

Documents:

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