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Legislation


2012 Regular Session

SENATE BILL 302

File Code: Financial Institutions
Sponsored By:
Chair, Finance Committee (By Request - Departmental - Labor, Licensing and Regulation) and Senators Muse, Kelley, and Pugh
Entitled:
Financial Institutions - Commissioner of Financial Regulation - Investigative and Enforcement Powers and Regulation of Mortgage Lenders

Synopsis:

Altering the scope of a provision of law that prohibits the Commissioner of Financial Regulation from exercising specified investigative and enforcement powers in connection with affiliates of specified financial institutions; repealing exemptions from the Maryland Mortgage Lender Law for a person that makes or brokers a specified number of mortgage loans in a calendar year; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
1/27
First Reading Finance
Hearing 2/7 at 1:00 p.m.
2/2
Hearing cancelled
Hearing 2/21 at 1:00 p.m.
3/12

Favorable with Amendments Report by Finance
3/13
Favorable with Amendments {197074/1 Report Adopted
Second Reading Passed with Amendments
3/14
Third Reading Passed (46-0)
3/31
Returned Passed
House Action
3/15
First Reading Economic Matters
3/20
Hearing 3/27 at 1:00 p.m.
4/4
Favorable Report by Economic Matters
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (130-8)
Action after passage in Senate and House
4/10
Approved by the Governor
- Chapter 55

Sponsored by:

Finance Committee, Chair
Departmental
Labor, Licensing and Regulation, Department of
Senator Delores G. Kelley, District 10
Senator C. Anthony Muse, District 26
Senator Catherine E. Pugh, District 40

Bill indexed under the following Subjects:

Agents and Brokers
Consumer Protection -see also- Unfair Trade Practices
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Investigations and Inquiries -see also- Crim Bckgrnd Invest.
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Loans -see also- Mortgages
Mortgages

Bill affects the following Statutes:

Financial Institutions
( 2-113 , 11-502 )

Documents

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:
Senate
Number: 197074/01     Offered on: March 13, 2012   at: 10:35 a.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 14, 2012: Third Reading Passed (46-0)
House
March 31, 2012: Third Reading Passed (130-8)
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