Maryland Senate Bill 1098 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2017 - 25% progression, died in chamber
Action: 2017-03-23 - Unfavorable Report by Finance; Withdrawn
Text: Latest bill text (Introduced) [PDF]

Prohibiting a specified services agreement between a credit card processor and a business entity from including a specified provision authorizing liquidated damages or specifying a fee for the termination of a services agreement that exceeds $99; prohibiting a credit card processor who has received a specified termination notice from debiting or accessing the bank account of a specified business entity after a specified period of time; authorizing the Commissioner of Financial Regulation to take specified actions; etc.

Commercial Law - Credit Card Processors - Service Agreements

Sen. Edward Reilly [R]

Date	Chamber	Action
2017-03-23	Senate	Unfavorable Report by Finance; Withdrawn
2017-03-20	Senate	Hearing canceled
2017-03-21	Senate	Hearing 3/21 at 1:00 p.m.
2017-02-21	Senate	Rereferred to Finance
2017-02-17	Senate	First Reading Senate Rules

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB1098?ys=2017rs
Text	https://mgaleg.maryland.gov/2017RS/bills/sb/sb1098f.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/fnotes/bil_0008/sb1098.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/votes_comm/sb1098_fin.pdf