HOUSE BILL 1462

Sponsored By:

Delegates Ali and Niemann

Entitled:

Credit Regulation - Credit Agreements - Actions to Enforce or Seek Damages for Breach

Synopsis:

Prohibiting an action to enforce or seek damages for the breach of a term or condition of specified credit agreements unless the term or condition has been agreed to in writing and signed by a specified party.

History by Legislative and Calendar Date

House Action

2/14

First Reading House Rules and Executive Nominations

2/25

Re-referred Economic Matters

2/27

Hearing 3/13 at 1:00 p.m.

3/5

Hearing cancelled

Hearing 3/20 at 1:00 p.m.

3/14

Hearing cancelled

3/17

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Saqib Ali, District 39

Delegate Doyle L. Niemann, District 47

Bill indexed under the following Subjects:

Civil Actions -see also- Small Claims

Contracts -see also- Land Installment Contracts; Procurement

Credit

Loans -see also- Mortgages

Bill affects the following Statute:

Commercial Law

( 12-902.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered