HOUSE BILL 1310

Sponsored By:

Delegates Donoghue and Barve

Entitled:

Preneed Burial Contracts - Interest and Finance Charges

Synopsis:

Altering the conditions under which a preneed burial contract may provide for interest or a finance charge; providing that a preneed burial contract that provides for interest or a finance charge is subject to specified provisions of the Commercial Law Article; and conditioning the sale of a preneed burial contract by a registered cemeterian or permit holder to a commercial lending institution.

History by Legislative Date

House Action

2/18

First Reading House Rules and Executive Nominations

2/25

Re-referred Economic Matters

2/27

Hearing 3/7 at 1:00 p.m.

3/20

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Delegate John P. Donoghue, District 2C

Delegate Kumar P. Barve, District 17

Bill indexed under the following Subjects:

CEMETERIES

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.

FUNERALS

INTEREST

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

Bill affects the following Statute:

Business Regulation

( 5-704 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered