MD HB1270 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Strong Partisan Bill (Democrat 15-1)
Status: Passed on May 25 2017 - 100% progression
Action: 2017-05-25 - Approved by the Governor - Chapter 724
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Strong Partisan Bill (Democrat 15-1)
Status: Passed on May 25 2017 - 100% progression
Action: 2017-05-25 - Approved by the Governor - Chapter 724
Text: Latest bill text (Chaptered) [PDF]
Summary
Providing that specified fees and charges permitted to be imposed on a consumer borrower under an unsecured open end credit plan, when combined with any interest charged under the plan, may not exceed an effective rate of 33% per annum simple interest; etc.
Title
Credit Regulation - Unsecured Open End Credit Plans - Fees and Charges
Sponsors
Roll Calls
2017-03-27 - Senate - Senate Floor - Third Reading Passed (41-4) (Y: 41 N: 4 NV: 0 Abs: 2) [PASS]
2017-03-13 - House - House Floor - Third Reading Passed (139-0) (Y: 139 N: 0 NV: 2 Abs: 0) [PASS]
2017-03-13 - House - House Floor - Third Reading Passed (139-0) (Y: 139 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-05-25 | House | Approved by the Governor - Chapter 724 |
| 2017-03-31 | House | Returned Passed |
| 2017-03-31 | Senate | Third Reading Passed (41-4) |
| 2017-03-30 | Senate | Second Reading Passed |
| 2017-03-30 | Senate | Favorable Report Adopted |
| 2017-03-30 | Senate | Favorable Report by Finance |
| 2017-03-28 | Senate | Hearing 3/28 at 1:00 p.m. |
| 2017-03-21 | Senate | Hearing canceled |
| 2017-04-04 | Senate | Hearing 4/04 at 1:00 p.m. |
| 2017-03-17 | Senate | First Reading Finance |
| 2017-03-16 | House | Third Reading Passed (139-0) |
| 2017-03-15 | House | Second Reading Passed |
| 2017-03-15 | House | Favorable Report Adopted |
| 2017-03-15 | House | Favorable Report by Economic Matters |
| 2017-03-10 | House | Hearing 3/10 at 1:00 p.m. |
| 2017-02-10 | House | First Reading Economic Matters |
Subjects
Commerce and Business
Commercial Law - Credit Regulation
Consumer Protection
Credit
Fees
Interest
Rules and Regulations
Commercial Law - Credit Regulation
Consumer Protection
Credit
Fees
Interest
Rules and Regulations
