2002 Regular Session

SENATE BILL 821

File Code: Commercial Law - Credit Regulation
Sponsored By:
Senators Hogan, Astle, Bromwell, DeGrange, Della, Dorman, Exum, Hafer, Hooper, Kelley, Roesser, and Teitelbaum
Entitled:
Maryland Debt Management Services Registration Act

Synopsis:

Prohibiting specified nonprofit organizations from providing debt management services in the State unless they are registered with the Commissioner of Financial Regulation; altering the penalty for violations of a prohibition against engaging in the business of debt management services; prohibiting a specified organization from imposing charges or fees on, or requesting or accepting voluntary contributions from, specified persons; authorizing the Commissioner to take specified actions to carry out the Act; etc.

History by Legislative Date

Senate Action
2/14
First Reading Senate Rules
2/20
Re-referred Finance
2/21
Hearing 3/8 at 1:00 p.m.
3/22
Favorable with Amendments Report by Finance
Favorable with Amendments
Laid Over (Senator Ferguson) Adopted
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (45-0)
House Action
3/25
First Reading Economic Matters
3/26
Re-assigned Commerce and Government Matters
3/28
Hearing 4/3 at 1:00 p.m.
Sponsored by:
Senator Patrick J. Hogan, District 39
Senator John C. Astle, District 30
Senator Thomas L. Bromwell, District 8
Senator James E. DeGrange, Sr., District 32
Senator George W. Della, Jr., District 47
Senator Arthur Dorman, District 21
Senator Nathaniel Exum, District 24
Senator John J. Hafer, District 1
Senator J. Robert Hooper, District 35
Senator Delores G. Kelley, District 10
Senator Jean W. Roesser, District 15
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
CRIMINAL BACKGROUND INVESTIGATIONS
DISCLOSURE
ELECTRONIC COMMERCE -see also- ELECTRONIC FUNDS TRANSFER
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL REGULATION, DIVISION OF
FINGERPRINTING
HEARINGS
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
LIABILITY -see also- GOOD SAMARITAN
NONPROFIT ORGANIZATIONS
NOTICES
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
REGISTRATION -see also- MOTOR VEHICLE REGISTRATION
REPORTS
RULES AND REGULATIONS
Bill affects the following Statutes:
Commercial Law
( 14-1316 )
Financial Institutions
( 12-901 , 12-902 , 12-903 , 12-904 , 12-905 , 12-906 , 12-907 , 12-908 , 12-909 , 12-910 , 12-911 , 12-912 , 12-913 , 12-914 , 12-915 , 12-916 , 12-917 , 12-918 , 12-919 , 12-920 , 12-921 , 12-922 , 12-923 , 12-924 , 12-925 , 12-926 , 12-927 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 367175/2 (PDF)     Offered on: March 25, 2002   at: 9:19 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 26, 2002: Third Reading Passed (45-0)