Legislation

Title: Business Regulation - Pawnbrokers and Pawn Transactions - Limitation on Conversion of Interest to Fees
Sponsored by: Delegate Conaway
Status: In the House - Unfavorable Report by Economic Matters
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a pawnbroker, or other lending agent acting on behalf of a pawnbroker, from converting more than 10% of interest charged on a pawn transaction into a fee collectible by the pawnbroker within a 30-day period of time, beginning on the date of the conversion, within the term of the pawn transaction; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2021

History

Legislation History
Chamber House Calendar Date 2/02/2021 Legislative Date 2/02/2021 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Business Regulation - Pawnbrokers and Pawn Transactions - Limitation on Conversion of Interest to Fees Proceedings
Chamber House Calendar Date 2/08/2021 Legislative Date 2/08/2021 Action Hearing 2/16 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/03/2021 Legislative Date 3/03/2021 Action Unfavorable Report by Economic Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/02/2021	2/02/2021	First Reading Economic Matters
			Text - First - Business Regulation - Pawnbrokers and Pawn Transactions - Limitation on Conversion of Interest to Fees
House	2/08/2021	2/08/2021	Hearing 2/16 at 1:30 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/03/2021	3/03/2021	Unfavorable Report by Economic Matters

File Code

Subjects

Statutes