2003 Regular Session

HOUSE BILL 331

File Code: Commercial Law - Credit Regulation Prior Year Introduction As: SB 482/02 - FIN Crossfiled with: SENATE BILL 179
Sponsored By:
Delegates Moe, Frush, Healey, Kelley, Parrott, Ross, and Rudolph
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
2/3
First Reading Economic Matters
2/12
Hearing 2/26 at 1:00 p.m.
3/18
Favorable Report by Economic Matters
Favorable Report Adopted
Second Reading Passed
3/19
Third Reading Passed (141-0)
3/30
Returned Passed
5/22
Governor vetoed - Cross-filed bill was signed
Senate Action
3/20
First Reading Finance
3/21
Hearing 3/25 at 1:00 p.m.
4/1
Favorable Report by Finance
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (46-0)
Sponsored by:
Delegate Brian R. Moe, District 21
Delegate Barbara Frush, District 21
Delegate Anne Healey, District 22
Delegate Darryl A. Kelley, District 26
Delegate Joanne S. Parrott, District 35A
Delegate Justin D. Ross, District 22
Delegate David D. Rudolph, District 34B
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
FORMS
INTEREST
MORTGAGES
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: None offered
Roll Call Votes (Legislative dates are shown):
House
March 19, 2003: Third Reading Passed (141-0)
Senate
March 31, 2003: Third Reading Passed (46-0)