Legislation

Title: Financial Institutions - Student Financing Companies - Required Registration and Reporting
Sponsored by: Delegates Lopez, Crutchfield, Griffith, and Phillips
Status: Approved by the Governor - Chapter 456
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring student financing companies to register with the Commissioner of Financial Regulation before providing services in the State; requiring a student financing company to renew its registration on an annual basis; authorizing the Commissioner to adopt registration procedures for student financing companies, which may include certain fees; and requiring student financing companies to annually report certain information, to be made publicly accessible on a certain website, to the Commissioner beginning March 15, 2024.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2023

History

Legislation History
Chamber House Calendar Date 2/09/2023 Legislative Date 2/09/2023 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/09/2023 Legislative Date 2/09/2023 Action Hearing 3/01 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions – Student Financing Companies – Required Registration and Reporting Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/08/2023 Legislative Date 3/08/2023 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/09/2023 Legislative Date 3/03/2023 Action Favorable with Amendments {643929/1 Adopted Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/09/2023 Legislative Date 3/03/2023 Action Second Reading Passed with Amendments Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Student Financing Companies - Required Registration and Reporting Proceedings
Chamber House Calendar Date 3/10/2023 Legislative Date 3/04/2023 Action Third Reading Passed (136-0) Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2023 Legislative Date 3/04/2023 Action Referred Finance Proceedings 41AClick to view Recorded Media
Chamber Senate Calendar Date 3/19/2023 Legislative Date 3/19/2023 Action Hearing 3/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2023 Legislative Date 3/31/2023 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/31/2023 Legislative Date 3/21/2023 Action Favorable Adopted Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2023 Legislative Date 3/21/2023 Action Second Reading Passed Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2023 Legislative Date 3/22/2023 Action Third Reading Passed (47-0) Proceedings 59 Click to view Recorded Media
Chamber House Calendar Date 4/04/2023 Legislative Date 3/23/2023 Action Returned Passed Proceedings 60 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2023 Legislative Date 5/08/2023 Action Approved by the Governor - Chapter 456 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Student Financing Companies - Required Registration and Reporting Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/09/2023	2/09/2023	First Reading Economic Matters
House	2/09/2023	2/09/2023	Hearing 3/01 at 1:00 p.m.
			Text - First - Financial Institutions – Student Financing Companies – Required Registration and Reporting
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/08/2023	3/08/2023	Favorable with Amendments Report by Economic Matters
House	3/09/2023	3/03/2023	Favorable with Amendments {643929/1 Adopted	40 Click to view Recorded Media
House	3/09/2023	3/03/2023	Second Reading Passed with Amendments	40 Click to view Recorded Media
			Text - Third - Financial Institutions - Student Financing Companies - Required Registration and Reporting
House	3/10/2023	3/04/2023	Third Reading Passed (136-0)	41 Click to view Recorded Media
Senate	3/13/2023	3/04/2023	Referred Finance	41AClick to view Recorded Media
Senate	3/19/2023	3/19/2023	Hearing 3/22 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/31/2023	3/31/2023	Favorable Report by Finance
Senate	3/31/2023	3/21/2023	Favorable Adopted	58 Click to view Recorded Media
Senate	3/31/2023	3/21/2023	Second Reading Passed	58 Click to view Recorded Media
Senate	4/04/2023	3/22/2023	Third Reading Passed (47-0)	59 Click to view Recorded Media
House	4/04/2023	3/23/2023	Returned Passed	60 Click to view Recorded Media
Post Passage	5/08/2023	5/08/2023	Approved by the Governor - Chapter 456
			Text - Chapter - Financial Institutions - Student Financing Companies - Required Registration and Reporting

File Code

Subjects

Statutes