File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Delegates Murray, Barkley, Gordon, Haynes, Lee, Montgomery, and
Stern
- Entitled:
-
Commercial Law - Open End Retail Credit Accounts and Revolving Credit
Plans - Late Payment Charges
Authorizing specified sellers and financial institutions to assess a
late payment charge equal to the lesser of $25 or the amount of the
outstanding balance of an open end retail credit account; and
authorizing, if the agreement governing a revolving credit plan
permits, specified credit grantors to impose a late or delinquency
charge on payments or portions of payments that equal the lesser of
$25 or the amount of the payments or portions of payments.
House Action
- 1/29
- First Reading Economic Matters
- 2/9
- Hearing 2/18 at 1:00 p.m.
- 3/1
- Unfavorable Report by Economic Matters
Senate Action
- No Action
- Sponsored by:
- Delegate Gareth E. Murray, District 20
- Delegate Charles Barkley, District 39
- Delegate Michael R. Gordon, District 17
- Delegate Keith E. Haynes, District 44
- Delegate Susan C. Lee, District 16
- Delegate Karen S. Montgomery, District 14
- Delegate Joan F. Stern, District 39
- Bill indexed under the following Subjects:
- BANKS AND TRUST COMPANIES
- COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
- CREDIT
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
- SAVINGS AND LOAN ASSOCIATIONS
- Bill affects the following Statutes:
- Commercial Law
- (
12-506 ,
12-910
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
