Legislation - HB1156

Title: Commercial Law - Consumer Wire Transfers - Liability (Elder Fraud Prevention Act of 2024)
Sponsored by: Delegates Stewart and Griffith
Status: In the House - Hearing 2/27 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Exempting consumer wire transaction from certain provisions of the Maryland Uniform Commercial Code; limiting liability for damages resulting from consumer wire transfers; defining sufficient notice; requiring investigations; requiring decisions and materials be provided to a consumer; subjecting financial institutions to treble damages; subjecting financial institutions to liability for violation of the Act; prohibiting waiver of consumer rights under the Act; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0930

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber House Calendar Date 2/07/2024 Legislative Date 2/07/2024 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/08/2024 Legislative Date 2/08/2024 Action Hearing 2/27 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law - Consumer Wire Transfers - Liability (Elder Fraud Prevention Act of 2024) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2024	2/07/2024	First Reading Economic Matters
House	2/08/2024	2/08/2024	Hearing 2/27 at 1:00 p.m.
			Text - First - Commercial Law - Consumer Wire Transfers - Liability (Elder Fraud Prevention Act of 2024)

File Code

Subjects

Statutes