File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Senators Kelley and
Exum
- Entitled:
-
Financial Regulation - Debt Management Services
Clarifying that a person who provides debt management services is
subject to licensure whether or not the person maintains an office in
the State; requiring an applicant for licensure as a debt management
services provider to provide specified information to the Commissioner
of Financial Regulation; prohibiting specified contracts or
agreements, advertising, and incentives, subject to specified
penalties; etc.
Senate Action
- 2/21
- First Reading Senate Rules
- 2/24
- Re-referred Finance
- 2/25
- Hearing 3/22 at 1:00 p.m.
- 4/4
- Favorable with Amendments Report by Finance
- 4/2
- Favorable with Amendments Report Adopted
- Floor Committee Amendment (Finance) Adopted
- Second Reading Passed with Amendments
- 4/3
- Third Reading Passed (46-0)
House Action
- 4/1
- First Reading House Rules and Executive Nominations
- 4/7
- Re-referred Economic Matters
- Hearing 4/8 at 1:00 p.m.
- 4/9
- Favorable with Amendments Report by Economic Matters
- 4/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/6
- Third Reading Passed with Amendments (103-28)
Sponsored by:
- Senator Delores G. Kelley, District 10
- Senator Nathaniel Exum, District 24
Bill indexed under the following Subjects:
- ADVERTISING
- BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- CREDIT
- CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
- DEBT COLLECTION -see also- ATTACHMENTS AND GARNISHMENTS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCIAL REGULATION, DIVISION OF
- FRAUD -see also- FORGERY
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
- PENALTIES
Bill affects the following Statutes:
- Courts and Judicial Proceedings
- (
7-409 ,
7-409
)
- Financial Institutions
- (
12-901 ,
12-904 ,
12-905 ,
12-906 ,
12-907 ,
12-908 ,
12-914 ,
12-920 ,
12-929
)
- Insurance
- (
2-401 ,
27-801
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
Senate
- Number: 707171/01 (PDF) Offered on: April 4, 2005 at:
11:39 p.m. Status: Adopted
- Number: 767675/01 (PDF) Offered on: April 4, 2005 at:
11:35 p.m. Status: Adopted
House
- Number: 463290/01 (PDF) Offered on: April 9, 2005 at:
12:26 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- April 3, 2005: Third Reading Passed (46-0)
House
- April 6, 2005: Third Reading Passed (103-28)