MD SB509 | 2024 | Regular Session
Note: Carry Over of previous SB496
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 29 2024 - 50% progression
Action: 2024-03-01 - Referred Economic Matters
Pending: House Economic Matters Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on February 29 2024 - 50% progression
Action: 2024-03-01 - Referred Economic Matters
Pending: House Economic Matters Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Regulating commercial financing transactions, including by establishing requirements related to disclosures, calculations of annual percentage rates, terms of repayments, and other related items, and the extension of specific offers.
Title
Commercial Financing - Small Business Truth in Lending Act
Sponsors
Roll Calls
2024-02-29 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-01 | House | Referred Economic Matters |
| 2024-02-29 | Senate | Third Reading Passed (46-0) |
| 2024-02-27 | Senate | Second Reading Passed with Amendments |
| 2024-02-27 | Senate | Favorable with Amendments {783422/1 Adopted |
| 2024-02-26 | Senate | Favorable with Amendments Report by Finance |
| 2024-01-24 | Senate | Hearing 2/14 at 1:00 p.m. |
| 2024-01-24 | Senate | First Reading Finance |
Same As/Similar To
HB574 (Crossfiled) 2024-01-29 - Hearing 2/20 at 1:00 p.m.
SB496 (Carry Over) 2023-04-03 - Unfavorable Report by Economic Matters
SB496 (Carry Over) 2023-04-03 - Unfavorable Report by Economic Matters
Subjects
Commerce and Business
Contracts
Credit
Data
Debt Management
Disclosure
Equipment
Federal Government
Fees
Finance Companies
Financial Institutions
Financial Regulation, Division of
Fines
Goods and Services
Interest
Loans
Penalties and Sentences
Reports
Restitution
Rules and Regulations
Security Interests
Signatures
Time
Contracts
Credit
Data
Debt Management
Disclosure
Equipment
Federal Government
Fees
Finance Companies
Financial Institutions
Financial Regulation, Division of
Fines
Goods and Services
Interest
Loans
Penalties and Sentences
Reports
Restitution
Rules and Regulations
Security Interests
Signatures
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Financial Institutions | 12 | 1201 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1202 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1203 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1204 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1205 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1206 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1207 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1208 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1209 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1210 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1211 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1212 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1213 | (n/a) | See Bill Text |
| Financial Institutions | 12 | 1214 | (n/a) | See Bill Text |
