File Code: Commercial Law - Credit Regulation
Crossfiled with: HOUSE BILL 363
- Sponsored By:
-
The President (By Request - Administration) and Senators Currie, Della,
Gladden, Jones, Kelley, Lenett, Madaleno, Middleton, Muse, Pinsky, Pugh,
Raskin, Stone, Astle, Exum, Garagiola, Haines, and Klausmeier
- 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; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
Senate Action
- 1/25
- First Reading Finance
- Motion Rules Suspended for late introduction (Senator Klausmeier) Adopted
- 1/24
- Hearing 2/12 at 1:00 p.m.
- 3/6
- Favorable with Amendments Report by Finance
- 3/7
- Favorable with Amendments
- Special Order 3/10 (Senator Jones) Adopted
- 3/10
- Favorable with Amendments
- Special Order 3/13 (Senator Jones) Adopted
- 3/13
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/17
- Third Reading Passed (46-0)
- 3/30
- Senate Concur - House Amendments
- Third Reading Passed (46-0)
- Passed Enrolled
House Action
- 3/15
- First Reading Economic Matters
- 3/19
- Hearing 3/27 at 1:00 p.m.
- 3/31
- Favorable with Amendments Report by Economic Matters
- 3/26
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/27
- Third Reading Passed with Amendments (129-7)
Action after passage in Senate and House
- 4/8
- Approved by the Governor
- - Chapter 7
Sponsored by:
- President, The
- Administration
- Senator John C. Astle, District 30
- Senator Ulysses Currie, District 25
- Senator George W. Della, Jr., District 46
- Senator Nathaniel Exum, District 24
- Senator Rob Garagiola, District 15
- Senator Lisa A. Gladden, District 41
- Senator Larry E. Haines, District 5
- Senator Verna L. Jones, District 44
- Senator Delores G. Kelley, District 10
- Senator Katherine Klausmeier, District 8
- Senator Mike Lenett, District 19
- Senator Richard S. Madaleno, Jr., District 18
- Senator Thomas M. Middleton, District 28
- Senator C. Anthony Muse, District 26
- Senator Paul G. Pinsky, District 22
- Senator Catherine E. Pugh, District 40
- Senator Jamie Raskin, District 20
- Senator Norman R. Stone, Jr., District 6
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):
Senate
- Number: 827473/01 Offered on: March 13, 2008 at:
11:32 a.m. Status: Adopted
House
- Number: 613397/01 Offered on: April 1, 2008 at:
11:19 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- March 17, 2008: Third Reading Passed (46-0)
- March 30, 2008: Third Reading Passed (46-0)
House
- March 27, 2008: Third Reading Passed (129-7)