CHAPTER NUMBER: 691
File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 872
- Sponsored By:
-
Delegates Krysiak, Rosenberg, McIntosh,
Rawlings, and Benson
- Entitled:
-
Credit Regulation - Mortgage Lending
Clarifying the fees that may be charged by a mortgage broker;
prohibiting a mortgage broker from charging a specified finder's fee
under specified circumstances; prohibiting a mortgage broker from
receiving any fee in the form of a note, mortgage, or other evidence
of indebtedness; prohibiting a finder's fee from being charged unless
it is pursuant to a specified written agreement between the mortgage
broker and the borrower; requiring that a copy of the agreement be
provided to the borrower within a specified time period; etc.
House Action
- 2/21
- First Reading House Rules and Executive Nominations
- 2/28
- Re-referred Commerce and Government Matters
- Hearing 2/28 at 1:00 p.m.
- 3/15
- Favorable with Amendments Report by Commerce and Government Matters
- 3/16
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/20
- Third Reading Passed (139-0)
- 4/2
- House Concur - Senate Amendments
- Third Reading Passed (139-0)
- Passed Enrolled
- 5/18
- Signed by the Governor Chapter 691
Senate Action
- 3/21
- First Reading Finance
- 3/22
- Hearing 3/28 at 1:00 p.m.
- 3/29
- Favorable with Amendments Report by Finance
- 3/30
- Favorable with Amendments Report Adopted
- Floor Amendment (Senator Bromwell) Adopted
- Second Reading Passed with Amendments
- 3/31
- Third Reading Passed with Amendments (47-0)
- Sponsored by:
- Delegate Carolyn J. Krysiak, District 46
- Delegate Joanne C. Benson, District 24
- Delegate Maggie L. McIntosh, District 42
- Delegate Howard P. Rawlings, District 40
- Delegate Samuel I. Rosenberg, District 42
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- CIRCUIT COURTS
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
- DISTRICT COURTS
- EXAMINATIONS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
- JURISDICTION
- LABOR, LICENSING, AND REGULATION, DEPARTMENT OF
- LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
- MORTGAGES
- PENALTIES
- Bill affects the following Statutes:
- Commercial Law
- (
12-804 ,
12-805
)
- Courts and Judicial Proceedings
- (
4-301 ,
4-301 ,
4-301 ,
4-302
)
- Financial Institutions
- (
11-512 ,
11-515 ,
11-517 ,
11-523
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 796583/1 (PDF) Offered on: March 16, 2000 at:
10:17 a.m. Status: Adopted
- Senate
- Number: 157874/1 (PDF) Offered on: March 30, 2000 at:
12:03 p.m. Status: Adopted
- Number: 227975/1 (PDF) Offered on: March 30, 2000 at:
12:04 p.m. Status: Incomplete
- Roll Call Votes (Legislative dates are shown):
- House
- March 20, 2000: Third Reading Passed (139-0)
- April 2, 2000: Third Reading Passed (139-0)
- Senate
- March 31, 2000: Third Reading Passed (47-0)
