CHAPTER NUMBER: 760
File Code: Financial Institutions
Crossfiled with: HOUSE BILL 202
- Sponsored By:
-
Senators Astle and Madden (Task Force to Examine the Mortgage
Lending Business)
- Entitled:
-
Consumer Credit - Mortgage Lending Business Reforms
Altering the manner in which specified fees and charges may be
allocated between a mortgage broker and a lender or credit grantor in
specified loan transactions; establishing an aggregate percentage cap
on specified charges; altering the manner and permissible location in
which applications for specified loan transactions may be accepted;
specifying continuing education requirements for mortgage brokers,
lenders, and loan officers; allowing specified loan closings to be
conducted at specified locations under specified circumstances; etc.
Senate Action
- 1/19
- First Reading Finance
- 1/21
- Hearing 2/3 at 1:00 p.m.
- 3/23
- Favorable with Amendments Report by Finance
- 3/24
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/26
- Third Reading Passed (46-0)
- 4/11
- Return Passed
- 5/21
- Signed by the Governor Chapter 760
House Action
- 3/26
- First Reading Commerce and Government Matters
- 3/30
- Hearing 4/7 at 1:15 p.m.
- 4/9
- Favorable Report by Commerce and Government Matters
- 4/4
- Favorable Report Adopted
- Second Reading Passed
- 4/5
- Third Reading Passed (98-29)
- Sponsored by:
- Senator John C. Astle, District 30
- Senator Martin G. Madden, District 13
- Mortgage Lending Business, T.F.to Examine the
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
- CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
- EDUCATION -see also- PUBLIC SCHOOLS; SPECIAL ED.; HIGHER ED.
- FEES -see also- DEVELOPMENT FEES AND TAXES
- LABOR,LICENSING, AND REGULATION, DEPARTMENT OF
- LICENSES -see also- ALC. BEVERAGES LICENSES; DRIVERS' LIC
- LOANS
- MORTGAGES
- PENALTIES
- REPORTS -see also- RECORDS
- RULES AND REGULATIONS
- SETTLEMENT PROCEDURES
- Bill affects the following Statutes:
- Commercial Law
- (
12-405 ,
12-903 ,
12-1005
)
- Financial Institutions
- (
11-204 ,
11-301 ,
11-505 ,
11-508 ,
11-511 ,
11-511.1 ,
11-523
)
- Real Property
- (
7-109
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 607455/1 (PDF) Offered on: March 24, 1998 at:
12:32 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 26, 1998: Third Reading Passed (46-0)
- House
- April 5, 1998: Third Reading Passed (98-29)
