MD HB664 | 2021 | Regular Session


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.

Tracking Information

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Financial Institutions - Consumer Credit - Sales-Based Financing Transactions



2021-03-20HouseUnfavorable Report by Economic Matters
2021-01-28HouseHearing 2/17 at 1:30 p.m.
2021-01-22HouseFirst Reading Economic Matters

Same As/Similar To

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


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Commercial Law13301(n/a)See Bill Text
Financial Institutions11610(n/a)See Bill Text
Financial Institutions121101(n/a)See Bill Text
Financial Institutions121102(n/a)See Bill Text
Financial Institutions121103(n/a)See Bill Text
Financial Institutions121104(n/a)See Bill Text
Financial Institutions121105(n/a)See Bill Text
Financial Institutions121106(n/a)See Bill Text
Financial Institutions121107(n/a)See Bill Text
Financial Institutions121108(n/a)See Bill Text
Financial Institutions121109(n/a)See Bill Text
Financial Institutions121110(n/a)See Bill Text
Financial Institutions121111(n/a)See Bill Text
Financial Institutions121112(n/a)See Bill Text
Financial Institutions121113(n/a)See Bill Text
Financial Institutions121114(n/a)See Bill Text
Financial Institutions121115(n/a)See Bill Text
Financial Institutions121116(n/a)See Bill Text
Financial Institutions121117(n/a)See Bill Text
Financial Institutions121118(n/a)See Bill Text
Financial Institutions121119(n/a)See Bill Text
Financial Institutions121120(n/a)See Bill Text
Financial Institutions121121(n/a)See Bill Text
Financial Institutions121122(n/a)See Bill Text
Financial Institutions121123(n/a)See Bill Text
Financial Institutions121124(n/a)See Bill Text

Maryland State Sources

Bill Comments