MD SB527 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 25 2017 - 100% progression
Action: 2017-05-25 - Approved by the Governor - Chapter 723
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 25 2017 - 100% progression
Action: 2017-05-25 - Approved by the Governor - Chapter 723
Text: Latest bill text (Chaptered) [PDF]
Summary
Providing that specified fees and charges permitted to be imposed on a consumer borrower under an unsecured open end credit plan, when combined with any interest charged under the plan, may not exceed an effective rate of 33% per annum simple interest; etc.
Title
Credit Regulation - Unsecured Open End Credit Plans - Fees and Charges
Sponsors
Roll Calls
2017-04-04 - House - House Floor - Third Reading Passed (139-0) (Y: 139 N: 0 NV: 2 Abs: 0) [PASS]
2017-03-27 - Senate - Senate Floor - Third Reading Passed (40-5) (Y: 40 N: 5 NV: 0 Abs: 2) [PASS]
2017-03-27 - Senate - Senate Floor - Third Reading Passed (40-5) (Y: 40 N: 5 NV: 0 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-05-25 | Senate | Approved by the Governor - Chapter 723 |
| 2017-04-10 | Senate | Returned Passed |
| 2017-04-10 | House | Third Reading Passed (139-0) |
| 2017-04-10 | House | Special Order until next session (Delegate Davis) Adopted |
| 2017-04-07 | House | Second Reading Passed |
| 2017-04-07 | House | Favorable Report Adopted |
| 2017-04-07 | House | Favorable Report by Economic Matters |
| 2017-04-04 | House | Rereferred to Economic Matters |
| 2017-03-31 | House | First Reading House Rules and Executive Nominations |
| 2017-03-31 | Senate | Third Reading Passed (40-5) |
| 2017-03-30 | Senate | Second Reading Passed |
| 2017-03-30 | Senate | Favorable Report Adopted |
| 2017-03-30 | Senate | Favorable Report by Finance |
| 2017-02-21 | Senate | Hearing 2/21 at 1:30 p.m. |
| 2017-02-03 | Senate | Hearing canceled |
| 2017-02-21 | Senate | Hearing 2/21 at 1:00 p.m. |
| 2017-02-01 | Senate | First Reading Finance |
Subjects
Commerce and Business
Commercial Law - Credit Regulation
Consumer Protection
Credit
Fees
Interest
Rules and Regulations
Commercial Law - Credit Regulation
Consumer Protection
Credit
Fees
Interest
Rules and Regulations
