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Legislation


2011 Regular Session

HOUSE BILL 1022

File Code: Financial Institutions Crossfiled with: SENATE BILL 741
Sponsored By:
Delegates Vaughn, Barkley, Bobo, Braveboy, Harrison, Hucker, Jameson, Kramer, Love, Minnick, Niemann, Olszewski, and Washington
Entitled:
Commercial Law - Debt Settlement Services

Synopsis:

Prohibiting a person from providing debt settlement services in the State unless the person is registered as a debt settlement services provider with the Commissioner of Financial Regulation or is exempt; prohibiting a registrant from charging a debt settlement services fee until after specified actions have taken place; requiring that a debt settlement services agreement include specified information and disclosures; providing that a violation of the Act is an unfair or deceptive trade practice; terminating the Act on June 30, 2015; etc.

History by Legislative and Calendar Date

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 3/3 at 1:00 p.m.
3/25

Favorable with Amendments Report by Economic Matters
3/23
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/25
Third Reading Passed (102-34)
4/8
House Concur - Senate Amendments
Third Reading Passed (111-30)
Passed Enrolled
Senate Action
3/25
First Reading Finance
3/29
Hearing 3/31 at 1:00 p.m.
4/8
Favorable with Amendments Report by Finance
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/6
Third Reading Passed with Amendments (46-0)
Action after passage in House and Senate
5/10
Approved by the Governor
- Chapter 281

Sponsored by:

Delegate Michael L. Vaughn, District 24
Delegate Charles Barkley, District 39
Delegate Elizabeth Bobo, District 12B
Delegate Aisha N. Braveboy, District 25
Delegate Hattie N. Harrison, District 45
Delegate Tom Hucker, District 20
Delegate Sally Jameson, District 28
Delegate Benjamin F. Kramer, District 19
Delegate Mary Ann E. Love, District 32
Delegate Joseph J. Minnick, District 6
Delegate Doyle L. Niemann, District 47
Delegate John A. Olszewski, Jr., District 6
Delegate Mary L. Washington, District 43

Bill indexed under the following Subjects:

Advertising
Bonds -see also- County & Baltimore City Bonds; State Bonds.
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Debt Collection -see also- Attachments and Garnishments
Debt Management
Disclosure
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Financial Regulation, Division of
Penalties and Sentences -see also- Death Penalty
Registration -see also- Motor Vehicle Registration
Reports
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Rules and Regulations
Sunset
Unfair Trade Practices

Bill affects the following Statutes:

Commercial Law
( 13-301 , 13-301 , 13-301 )
Financial Institutions
( 12-905 , 12-1001 , 12-1002 , 12-1003 , 12-1004 , 12-1005 , 12-1006 , 12-1007 , 12-1008 , 12-1009 , 12-1010 , 12-1011 , 12-1012 , 12-1013 , 12-1014 , 12-1015 , 12-1016 , 12-1017 )

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:
House
Number: 103499/01     Offered on: March 25, 2011   at: 12:13 p.m.     Status: Adopted
Senate
Number: 227875/01     Offered on: April 9, 2011   at: 1:36 p.m.     Status: Adopted
Committee Votes :
House
Economic Matters
Senate
Finance
Roll Call Votes (Legislative dates are shown):
House
March 25, 2011: Third Reading Passed (102-34)
April 8, 2011: Third Reading Passed (111-30)
Senate
April 6, 2011: Third Reading Passed (46-0)
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