File Code: Financial Institutions
- Sponsored By:
-
Delegates Olszewski and Kach
- Entitled:
-
Commercial Law - Residential Mortgage Loans - Escrow Amounts
Prohibiting specified lenders, credit grantors, and servicers of loans
from including, for a period of 1 year after the determination is
made, increases in the amount of escrow payments in calculating the
amount of interest or any fee due under specified residential mortgage
loans under specified circumstances; authorizing a lender, a credit
grantor, or a servicer of a loan to charge interest to a borrower on
specified funds under specified circumstances; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 2/11
- First Reading Economic Matters
- 2/14
- Hearing 3/10 at 1:00 p.m.
- 3/26
- Favorable with Amendments Report by Economic Matters
- 3/25
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/26
- Third Reading Passed (113-23)
- 4/9
- House Concur - Senate Amendments
- Third Reading Passed (121-16)
- Passed Enrolled
Senate Action
- 3/25
- First Reading Finance
- 3/29
- Hearing 4/5 at 1:00 p.m.
- 4/8
- Favorable with Amendments Report by Finance
- 4/5
- Favorable with Amendments Report Adopted
- Floor Committee Amendment (Finance) Adopted
- Second Reading Passed with Amendments
- 4/6
- Special Order until later today (Senator Conway) Adopted
- 4/7
- Third Reading Passed with Amendments (46-0)
Action after passage in House and Senate
- 5/19
- Approved by the Governor
- - Chapter 611
Sponsored by:
- Delegate John A. Olszewski, Jr., District 6
- Delegate Wade Kach, District 5B
Bill indexed under the following Subjects:
- Banks and Trust Companies
- Consumer Protection -see also- Unfair Trade Practices
- Escrow Accounts
- Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
- Financial Institutions -see also- Banks; Credit Unions; etc.
- Interest
- Loans -see also- Mortgages
- Mortgages
- Notices
- Savings and Loan Associations
Bill affects the following Statutes:
- Commercial Law
- (
12-109 ,
12-109.1 ,
12-109.2 ,
12-1026
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note:
Available
- Amendments:
House
- Number: 363597/01 Offered on: March 26, 2011 at:
10:19 a.m. Status: Adopted
Senate
- Number: 187778/01 Offered on: April 9, 2011 at:
1:40 p.m. Status: Adopted
- Number: 987972/01 Offered on: April 9, 2011 at:
1:43 p.m. Status: Adopted
-
Committee Votes :
House
- Economic Matters
Senate
- Finance
- Roll Call Votes (Legislative dates are shown):
House
- March 26, 2011: Third Reading Passed (113-23)
- April 9, 2011: Third Reading Passed (121-16)
Senate
- April 7, 2011: Third Reading Passed (46-0)
