SENATE BILL 570

Sponsored By:

Senators Jacobs and Hooper

Entitled:

Consumer Credit - Mortgage Lenders

Synopsis:

Altering an exception to the applicability of the Maryland Mortgage Lender Law for individuals or business entities that make six or fewer mortgage loans in a period of 12 consecutive months.

History by Legislative Date

Senate Action

2/2

First Reading Finance

2/6

Hearing 2/21 at 1:00 p.m.

3/5

Unfavorable Report by Finance

House Action

No Action

Sponsored by:

Senator Nancy Jacobs, District 34

Senator J. Robert Hooper, District 35

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES

MORTGAGES

Bill affects the following Statute:

Financial Institutions

( 11-502 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered