SENATE BILL 340

Sponsored By:

Senator Astle

Entitled:

Premium Finance Agreements - Delinquency and Collection Charge - Cancellation Charge

Synopsis:

Altering the maximum amount of a delinquency and collection charge with respect to private passenger automobile or personal fire or liability insurance that may be imposed under a premium finance agreement; and altering the amount of a cancellation charge with respect to private passenger automobile or personal fire or liability insurance that may be imposed under a premium finance agreement.

History by Legislative Date

Senate Action

1/31

First Reading Finance

Hearing 2/20 at 1:00 p.m.

2/26

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

FEES -see also- DEVELOPMENT FEES AND TAXES

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

MOTOR VEHICLE INSURANCE -see also- MD AUTO INSURANCE FUND

Bill affects the following Statutes:

Insurance

( 23-306 , 23-307 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered