MD SB238 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression, died in committee
Action: 2021-01-15 - Hearing 2/09 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2021 - 25% progression, died in committee
Action: 2021-01-15 - Hearing 2/09 at 1:00 p.m.
Pending: Senate Finance Committee
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.
Title
Consumer Protection - Banking Institutions - Unauthorized Debit Transactions (Consumer Bank Deposits Protection Act)
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-15 | Senate | Hearing 2/09 at 1:00 p.m. |
2021-01-13 | Senate | First Reading Finance |
2020-10-29 | Senate | Pre-filed |
Subjects
Banks and Trust Companies
Commercial Law - Consumer Protection
Consumer Protection
Disclosure
Electronic Communication
Emergencies
Financial Institutions
Financial Regulation, Division of
Governor
Liability
Notices
Penalties and Sentences
Postal Service
Time
Unfair Trade Practices
Commercial Law - Consumer Protection
Consumer Protection
Disclosure
Electronic Communication
Emergencies
Financial Institutions
Financial Regulation, Division of
Governor
Liability
Notices
Penalties and Sentences
Postal Service
Time
Unfair Trade Practices
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Commercial Law | 13 | 301 | (n/a) | See Bill Text |
Commercial Law | 14 | 4301 | (n/a) | See Bill Text |
Commercial Law | 14 | 4302 | (n/a) | See Bill Text |
Commercial Law | 14 | 4303 | (n/a) | See Bill Text |
Commercial Law | 14 | 4304 | (n/a) | See Bill Text |
Commercial Law | 14 | 4305 | (n/a) | See Bill Text |
Commercial Law | 14 | 4306 | (n/a) | See Bill Text |
Commercial Law | 14 | 4307 | (n/a) | See Bill Text |
Financial Institutions | 1 | 212 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0238?ys=2021RS |
Text | https://mgaleg.maryland.gov/2021RS/bills/sb/sb0238f.pdf |