2005 Regular Session

HOUSE BILL 1201

File Code: Commercial Law - Consumer Protection
Sponsored By:
Delegates Bobo, Cane, Frush, Gutierrez, Howard, Hubbard, Kaiser, Moe, Montgomery, Ramirez, and Vaughn
Entitled:
Consumer Protection - Maryland Motor Vehicle Financing Disclosure Act

Synopsis:

Requiring specified dealers of specified motor vehicles to make a reasonable good faith effort to obtain a specified loan interest rate for a consumer buyer purchasing a motor vehicle from the dealer and to offer that interest rate to the consumer buyer; requiring a dealer to provide a financing disclosure form to a consumer buyer before the sale of a motor vehicle to the consumer buyer; specifying the contents of the form; requiring the form to be signed by the consumer buyer and the dealer; etc.

History by Legislative Date

House Action
2/11
First Reading Economic Matters
2/16
Hearing 3/8 at 1:00 p.m.
3/21
Unfavorable Report by Economic Matters
Senate Action
No Action

Sponsored by:

Delegate Elizabeth Bobo, District 12B
Delegate Rudolph C. Cane, District 37A
Delegate Barbara Frush, District 21
Delegate Ana Sol Gutierrez, District 18
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Anne R. Kaiser, District 14
Delegate Brian R. Moe, District 21
Delegate Karen S. Montgomery, District 14
Delegate Victor R. Ramirez, District 47
Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
FORMS
INTEREST
LOANS -see also- MORTGAGES
MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.
MOTOR VEHICLE DEALERS AND SALESMEN
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
SALARIES -see also- OVERTIME
UNFAIR TRADE PRACTICES

Bill affects the following Statutes:

Commercial Law
( 13-301 , 13-3301 , 13-3302 , 13-3303 , 13-3304 , 13-3305 , 13-3306 , 13-3307 , 13-3308 )

Documents:

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