MD SB451 | 2012 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 2 2012 - 25% progression, died in committee
Action: 2012-02-20 - Hearing cancelled
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2012 - 25% progression, died in committee
Action: 2012-02-20 - Hearing cancelled
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the definitions of "finder's fee", "lender", and "mortgage broker" for purposes of provisions of law governing finder's fees charged by mortgage brokers to clarify that, in a table-funded mortgage loan transaction, fees charged by the person named as the lender in specified documents evidencing the loan indebtedness are not considered finder's fees; establishing a specified statute of limitations; applying the Act; etc.
Title
Credit Regulation - Finder's Fees - Table-Funded Loans
Sponsors
| Sen. John Astle [D] | Sen. Barry Glassman [R] | Sen. Delores Kelley [D] | Sen. Allan Kittleman [R] |
| Sen. Katherine Klausmeier [D] | Sen. Thomas Middleton [D] | Sen. E.J. Pipkin [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-20 | Hearing cancelled | |
| 2012-02-02 | Hearing 2/21 at 1:00 p.m. | |
| 2012-02-02 | First Reading Finance |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0451.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0451f.pdf |
