File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 270
- Sponsored By:
-
The Speaker (By Request - Administration) and Delegates Aumann, Barkley,
Barnes, Barve, Benson, Bobo, Bohanan, Braveboy, Bronrott, Burns, G. Clagett, V.
Clagett, Conway, Doory, Eckardt, Frick, Gaines, Griffith, Gutierrez, Guzzone,
Haddaway, Healey, Hecht, Heller, Holmes, Howard, Hucker, Ivey, James, Jones,
Kaiser, Krysiak, Lafferty, Lee, Levi, Levy, Love, Manno, Mathias, McIntosh,
Montgomery, Morhaim, Nathan-Pulliam, Niemann, Pena-Melnyk, Ramirez, Riley,
Ross, Rudolph, Shewell, Sophocleus, Stein, Stukes, Tarrant, F. Turner, V.
Turner, Vaughn, Waldstreicher, Walker, and Carr
- Entitled:
-
Credit Regulation - Mortgage Lending and Other Extensions of Credit
Prohibiting a lender from requiring or authorizing the imposition of
prepayment charges in connection with specified mortgage loans;
prohibiting lenders and credit grantors from making specified mortgage
loans without giving due regard to the borrower's ability to repay the
loans; repealing provisions of law that establish a presumption about
a borrower's ability to repay a loan; requiring a specified
representation by a mortgage broker to be contained in a finder's fee
agreement; providing for the effective dates of the Act; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 1/25
- First Reading Economic Matters
- 1/30
- Hearing 2/21 at 1:00 p.m.
- 3/17
- Favorable with Amendments Report by Economic Matters
- 3/15
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/16
- Third Reading Passed (127-7)
- 3/31
- House Concur - Senate Amendments
- Third Reading Passed (136-0)
- Passed Enrolled
Senate Action
- 3/20
- First Reading Finance
- 3/21
- Hearing 3/25 at 1:00 p.m.
- 3/31
- Favorable with Amendments Report by Finance
- 3/28
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/29
- Third Reading Passed with Amendments (47-0)
Action after passage in House and Senate
- 4/8
- Approved by the Governor
- - Chapter 8
Sponsored by:
- Speaker, The
- Administration
- Delegate Susan L. M. Aumann, District 42
- Delegate Charles Barkley, District 39
- Delegate Ben Barnes, District 21
- Delegate Kumar P. Barve, District 17
- Delegate Joanne C. Benson, District 24
- Delegate Elizabeth Bobo, District 12B
- Delegate John L. Bohanan, Jr., District 29B
- Delegate Aisha N. Braveboy, District 25
- Delegate William A. Bronrott, District 16
- Delegate Emmett C. Burns, Jr., District 10
- Delegate Alfred C. Carr, Jr., District 18
- Delegate Virginia P. Clagett, District 30
- Delegate Galen R. Clagett, District 3A
- Delegate Norman H. Conway, District 38B
- Delegate Ann Marie Doory, District 43
- Delegate Adelaide C. Eckardt, District 37B
- Delegate C. William Frick, District 16
- Delegate Tawanna P. Gaines, District 22
- Delegate Melony G. Griffith, District 25
- Delegate Ana Sol Gutierrez, District 18
- Delegate Guy Guzzone, District 13
- Delegate Jeannie Haddaway, District 37B
- Delegate Anne Healey, District 22
- Delegate Sue Hecht, District 3A
- Delegate Henry B. Heller, District 19
- Delegate Marvin E. Holmes, Jr., District 23B
- Delegate Carolyn J. B. Howard, District 24
- Delegate Tom Hucker, District 20
- Delegate Jolene Ivey, District 47
- Delegate Mary-Dulany James, District 34A
- Delegate Adrienne A. Jones, District 10
- Delegate Anne R. Kaiser, District 14
- Delegate Carolyn J. Krysiak, District 46
- Delegate Stephen W. Lafferty, District 42
- Delegate Susan C. Lee, District 16
- Delegate Gerron S. Levi, District 23A
- Delegate Murray D. Levy, District 28
- Delegate Mary Ann E. Love, District 32
- Delegate Roger P. Manno, District 19
- Delegate James N. Mathias, Jr., District 38B
- Delegate Maggie McIntosh, District 43
- Delegate Karen S. Montgomery, District 14
- Delegate Dan K. Morhaim, District 11
- Delegate Shirley Nathan-Pulliam, District 10
- Delegate Doyle L. Niemann, District 47
- Delegate Joseline A. Pena-Melnyk, District 21
- Delegate Victor R. Ramirez, District 47
- Delegate B. Daniel Riley, District 34A
- Delegate Justin D. Ross, District 22
- Delegate David D. Rudolph, District 34B
- Delegate Tanya T. Shewell, District 5A
- Delegate Theodore Sophocleus, District 32
- Delegate Dana Stein, District 11
- Delegate Melvin L. Stukes, District 44
- Delegate Shawn Z. Tarrant, District 40
- Delegate Frank S. Turner, District 13
- Delegate Veronica Turner, District 26
- Delegate Michael L. Vaughn, District 24
- Delegate Jeff Waldstreicher, District 18
- Delegate Jay Walker, District 26
Bill indexed under the following Subjects:
- Agents and Brokers
- Bonds -see also- County & Baltimore City Bonds; State Bonds.
- Consumer Protection -see also- Unfair Trade Practices
- Contracts -see also- Land Installment Contracts; Procurement
- Credit
- Disclosure
- Examinations
- Fees -see also- Devt Fees and Taxes; Reimbursement Rates
- Financial Regulation, Division of
- Interstate Affairs
- Investigations and Inquiries -see also- Crim Bckgrnd Invest.
- Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses
- Loans -see also- Mortgages
- Mortgages
- Penalties
- Public Information
- Reports
- Rules and Regulations
Bill affects the following Statutes:
- Commercial Law
- (
12-105 ,
12-105 ,
12-105 ,
12-105 ,
12-105 ,
12-105 ,
12-127 ,
12-311 ,
12-409.1 ,
12-805 ,
12-925 ,
12-1029
)
- Financial Institutions
- (
2-105.1 ,
11-503.1 ,
11-506 ,
11-507 ,
11-507 ,
11-508 ,
11-508.1 ,
11-508.1 ,
11-511 ,
11-515 ,
11-515 ,
11-603 ,
11-605 ,
11-606 ,
11-609 ,
11-612.1 ,
11-613 ,
11-615 ,
11-615
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments (Displayed in PDF Format):
House
- Number: 913894/01 Offered on: March 18, 2008 at:
10:41 a.m. Status: Adopted
Senate
- Number: 937278/01 Offered on: April 1, 2008 at:
12:57 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
House
- March 16, 2008: Third Reading Passed (127-7)
- March 31, 2008: Third Reading Passed (136-0)
Senate
- March 29, 2008: Third Reading Passed (47-0)