MD SB913 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2020 - 25% progression
Action: 2020-02-07 - Hearing 3/03 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Prohibiting a buyer from arranging, facilitating, or consummating a merchant cash advance transaction with a seller in the State; providing that a violation of the Act is an unfair, abusive, or deceptive trade practice subject to certain enforcement and penalties; and applying the Act prospectively.

Tracking Information

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Title

Commercial Law - Merchant Cash Advance - Prohibition

Sponsors


History

DateChamberAction
2020-02-07SenateHearing 3/03 at 1:00 p.m.
2020-02-03SenateFirst Reading Finance

Same As/Similar To

HB1478 (Crossfiled) 2020-03-02 - Hearing 3/04 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Commercial Law121501(n/a)See Bill Text
Commercial Law13301(n/a)See Bill Text

Maryland State Sources


Bill Comments

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