MD HB1478 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-03-02 - Hearing 3/04 at 1:00 p.m.
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-03-02 - Hearing 3/04 at 1:00 p.m.
Pending: House Economic Matters 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.
Title
Commercial Law - Merchant Cash Advance - Prohibition
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-02 | House | Hearing 3/04 at 1:00 p.m. |
| 2020-03-02 | House | Hearing canceled |
| 2020-02-10 | House | Hearing 3/02 at 1:00 p.m. |
| 2020-02-07 | House | First Reading Economic Matters |
Same As/Similar To
SB913 (Crossfiled) 2020-02-07 - Hearing 3/03 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Commercial Law | 12 | 1501 | (n/a) | See Bill Text |
| Commercial Law | 13 | 301 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1478?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb1478f.pdf |
