MD HB1156 | 2024 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-08 - Hearing 2/27 at 1:00 p.m.
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-08 - Hearing 2/27 at 1:00 p.m.
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Exempting consumer wire transaction from certain provisions of the Maryland Uniform Commercial Code; limiting liability for damages resulting from consumer wire transfers; defining sufficient notice; requiring investigations; requiring decisions and materials be provided to a consumer; subjecting financial institutions to treble damages; subjecting financial institutions to liability for violation of the Act; prohibiting waiver of consumer rights under the Act; etc.
Title
Commercial Law - Consumer Wire Transfers - Liability (Elder Fraud Prevention Act of 2024)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-08 | House | Hearing 2/27 at 1:00 p.m. |
| 2024-02-07 | House | First Reading Economic Matters |
Same As/Similar To
SB930 (Crossfiled) 2024-02-06 - Hearing 3/06 at 1:00 p.m.
Subjects
Attorneys' Fees
Biometrics
Civil Actions
Commercial Law - Credit Regulation
Commercial Law - Generally
Consumer Protection
Contracts
Credit
Damages
Electronic Funds Transfer
Equipment
Federal Government
Financial Institutions
Fraud
Identification
Interest
Investigations and Inquiries
Liability
Notices
Records
Signatures
Standards and Best Practices
Telecommunications and Information Technology
Theft
Time
Biometrics
Civil Actions
Commercial Law - Credit Regulation
Commercial Law - Generally
Consumer Protection
Contracts
Credit
Damages
Electronic Funds Transfer
Equipment
Federal Government
Financial Institutions
Fraud
Identification
Interest
Investigations and Inquiries
Liability
Notices
Records
Signatures
Standards and Best Practices
Telecommunications and Information Technology
Theft
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Commercial Law | 12 | 1501 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1502 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1503 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1504 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1505 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1506 | (n/a) | See Bill Text |
| Commercial Law | 12 | 1507 | (n/a) | See Bill Text |
| Commercial Law | 4A | 102 | (n/a) | See Bill Text |
| Commercial Law | 4A | 108 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1156?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1156f.pdf |
