File Code: Financial Institutions
Crossfiled with: HOUSE BILL 1222
- Sponsored By:
-
Senator Astle
- Entitled:
-
Mortgage Brokers - Insurance Agents - Collection of a Finder's Fee
Authorizing a mortgage broker who acts also as an insurance agent in
arranging or procuring insurance for a subject property or transaction
to collect a finder's fee for services performed as a mortgage broker
if the mortgage broker provides a specified written disclosure to the
borrower; providing that a violation of the Act shall be deemed to be
a violation of law relating to insurance for which the Maryland
Insurance Commissioner may take specified disciplinary actions; etc.
Senate Action
- 1/16
- First Reading Finance
- 1/21
- Hearing 2/3 at 1:00 p.m.
- 3/9
- Favorable with Amendments Report by Finance
- 3/10
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/12
- Third Reading Passed (44-1)
House Action
- 3/13
- First Reading Commerce and Government Matters
- 3/25
- Hearing 4/1 at 1:15 p.m.
- 4/3
- Unfavorable Report by Commerce and Government Matters
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
- DISCLOSURE
- FEES -see also- DEVELOPMENT FEES AND TAXES
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- MORTGAGES
- SUNSET
- Bill affects the following Statutes:
- Commercial Law
- (
12-801 ,
12-805 ,
12-808
)
- Financial Institutions
- (
11-501
)
- Insurance
- (
27-216
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 537252/1 (PDF) Offered on: March 10, 1998 at:
11:54 a.m. Status: Adopted
- Roll Call Vote (Legislative date is shown):
- Senate
- March 12, 1998: Third Reading Passed (44-1)
