MD SB262 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on January 20 2020 - 25% progression, died in committee
Action: 2020-01-22 - Hearing 2/11 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 20 2020 - 25% progression, died in committee
Action: 2020-01-22 - Hearing 2/11 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Defining "mortgage lender" to mean a person that is duly licensed under certain provisions of the Financial Institutions Article; clarifying the definition of "consumer claim"; and declaring the intent of the General Assembly that the Act be construed as clarifying the Maryland Collection Agency Licensing Act and that, with regard to sales of real property to bona fide purchasers, the Act applies only to sales made on or after June 1, 2020.
Title
Maryland Collection Agency Licensing Act - Definitions and Legislative Intent
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-22 | Senate | Hearing 2/11 at 1:00 p.m. |
| 2020-01-20 | Senate | First Reading Finance |
Same As/Similar To
HB334 (Crossfiled) 2020-03-09 - Unfavorable Report by Economic Matters
Subjects
Business Regulation and Occupations
Claims
Consumer Protection
Contracts
Debt Collection
Deeds
Licenses
Loans
Mortgages
Personal Property
Real Property
Claims
Consumer Protection
Contracts
Debt Collection
Deeds
Licenses
Loans
Mortgages
Personal Property
Real Property
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Business Regulation | 7 | 101 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0262?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0262f.pdf |
