2002 Regular Session

HOUSE BILL 438

File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 482
Sponsored By:
Delegate Arnick
Entitled:
Credit Regulation - Credit Grantor Revolving Credit Provisions - Amendment of Plan Agreement

Synopsis:

Repealing a requirement that a credit grantor give a specified notice to a borrower when the credit grantor amends an agreement governing a revolving credit plan if the amendment has the effect of altering the manner of computing specified fees and charges; repealing a requirement that the credit grantor send a second notice of a specified amendment of a plan agreement to the borrower; repealing a requirement that the Commissioner of Financial Regulation approve the form of a specified notice; etc.

History by Legislative Date

House Action
1/30
First Reading Commerce and Government Matters
Hearing 2/20 at 1:00 p.m.
3/4
Favorable with Amendments Report by Commerce and Government Matters
3/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/7
Third Reading Passed (134-1)
3/29
Returned Passed
5/15
Governor vetoed - Policy
Senate Action
3/8
First Reading Finance
3/14
Hearing 3/26 at 3:00 p.m.
3/28
Favorable Report by Finance
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (46-0)
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL REGULATION, DIVISION OF
INTEREST
NOTICES
Bill affects the following Statute:
Commercial Law
( 12-912 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 046484/1 (PDF)     Offered on: March 5, 2002   at: 10:23 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 7, 2002: Third Reading Passed (134-1)
Senate
March 30, 2002: Third Reading Passed (46-0)