Maryland House Bill 664 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 22 2021 - 25% progression, died in chamber
Action: 2021-03-20 - Unfavorable Report by Economic Matters
Text: Latest bill text (Introduced) [PDF]

Prohibiting a person from engaging in the business of making or soliciting a sales-based financing transaction unless the person is licensed by the Commissioner of Financial Regulation; requiring an applicant for a license to have $20,000 in available liquid assets and to have demonstrated a sufficient level of responsibility to command public confidence and warrant faith in the honest operation of the business; requiring the Commissioner to investigate and ensure that each applicant meets certain qualifications; etc.

Financial Institutions - Consumer Credit - Sales-Based Financing Transactions

Del. Seth Howard [R]

Date	Chamber	Action
2021-03-20	House	Unfavorable Report by Economic Matters
2021-01-28	House	Hearing 2/17 at 1:30 p.m.
2021-01-22	House	First Reading Economic Matters

SB532 (Crossfiled) 2021-01-31 - Hearing 2/23 at 1:00 p.m.

Chapter	Article	Section	Citation Type	Statute Text
Commercial Law	13	301	(n/a)	See Bill Text
Financial Institutions	11	610	(n/a)	See Bill Text
Financial Institutions	12	1101	(n/a)	See Bill Text
Financial Institutions	12	1102	(n/a)	See Bill Text
Financial Institutions	12	1103	(n/a)	See Bill Text
Financial Institutions	12	1104	(n/a)	See Bill Text
Financial Institutions	12	1105	(n/a)	See Bill Text
Financial Institutions	12	1106	(n/a)	See Bill Text
Financial Institutions	12	1107	(n/a)	See Bill Text
Financial Institutions	12	1108	(n/a)	See Bill Text
Financial Institutions	12	1109	(n/a)	See Bill Text
Financial Institutions	12	1110	(n/a)	See Bill Text
Financial Institutions	12	1111	(n/a)	See Bill Text
Financial Institutions	12	1112	(n/a)	See Bill Text
Financial Institutions	12	1113	(n/a)	See Bill Text
Financial Institutions	12	1114	(n/a)	See Bill Text
Financial Institutions	12	1115	(n/a)	See Bill Text
Financial Institutions	12	1116	(n/a)	See Bill Text
Financial Institutions	12	1117	(n/a)	See Bill Text
Financial Institutions	12	1118	(n/a)	See Bill Text
Financial Institutions	12	1119	(n/a)	See Bill Text
Financial Institutions	12	1120	(n/a)	See Bill Text
Financial Institutions	12	1121	(n/a)	See Bill Text
Financial Institutions	12	1122	(n/a)	See Bill Text
Financial Institutions	12	1123	(n/a)	See Bill Text
Financial Institutions	12	1124	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0664?ys=2021RS
Text	https://mgaleg.maryland.gov/2021RS/bills/hb/hb0664f.pdf