MD SB238 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression
Action: 2021-01-15 - Hearing 2/09 at 1:00 p.m.
Pending: Senate Finance Committee
Hearing: Feb 9 @ 1:00 pm Senate Finance Hearing
Text: Latest bill text (Introduced) [PDF]

Summary

Prohibiting a consumer from being held liable for unauthorized debit transactions if the consumer notifies the banking institution within 90 days after receiving a periodic statement; requiring a banking institution to extend the time frame within which a consumer has to make a notification in cases of hospitalization, extended travel or if the Governor has declared a state of emergency; requiring a periodic bank statement, whether mailed or emailed, to display a certain message regarding unauthorized account transactions; etc.

Tracking Information

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Title

Consumer Protection - Banking Institutions - Unauthorized Debit Transactions (Consumer Bank Deposits Protection Act)

Sponsors


History

DateChamberAction
2021-01-15SenateHearing 2/09 at 1:00 p.m.
2021-01-13SenateFirst Reading Finance
2020-10-29SenatePre-filed

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Commercial Law13301(n/a)See Bill Text
Commercial Law144301(n/a)See Bill Text
Commercial Law144302(n/a)See Bill Text
Commercial Law144303(n/a)See Bill Text
Commercial Law144304(n/a)See Bill Text
Commercial Law144305(n/a)See Bill Text
Commercial Law144306(n/a)See Bill Text
Commercial Law144307(n/a)See Bill Text
Financial Institutions1212(n/a)See Bill Text

Maryland State Sources


Bill Comments

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