Legislation

Title: Commercial Law – Consumer Wire Transfers – Liability (Elder Fraud Prevention Act of 2024)
Sponsored by: Senator Rosapepe
Status: In the Senate - Hearing 3/06 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:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB1156

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 2/02/2024 Legislative Date 2/02/2024 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law – Consumer Wire Transfers – Liability (Elder Fraud Prevention Act of 2024) Proceedings
Chamber Senate Calendar Date 2/06/2024 Legislative Date 2/06/2024 Action Hearing 3/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/02/2024	2/02/2024	First Reading Finance
			Text - First - Commercial Law – Consumer Wire Transfers – Liability (Elder Fraud Prevention Act of 2024)
Senate	2/06/2024	2/06/2024	Hearing 3/06 at 1:00 p.m.

File Code

Subjects

Statutes