Commercial Law - Maryland Credit Repair Businesses Act [HB-746]
[Consumer Protection ]
[Finance ]
[Small Business ]
[Law Enforcement ]
[Data Privacy ]
Recodifying and redefining credit repair businesses; delineating regulation for credit repair businesses by the Commissioner of Financial Regulation; prohibiting a credit repair business from charging or receiving money or other valuable consideration prior to full and complete performance of certain services; limiting the acceptable terms in subscription agreements; requiring that credit repair businesses be licensed in a certain manner and be subject to certain provisions; etc.
HB-746: Commercial Law - Maryland Credit Repair Businesses Act
Sponsored by: Rep. Diana Fennell
Hearing Canceled on 02/14/2019
Build to Learn Act of 2019 [HB-727]
[Education ]
[Construction ]
[Funding ]
[Public Safety ]
Requiring, on or before July 1, 2020, the Prince George's County government and the Prince George's County Board of Education to have a public-private partnership agreement in which the county government and the board of education contracts with a private entity for certain public school construction reviewed by the Maryland Stadium Authority and approved by the Interagency Committee on School Construction; establishing the Prince George's County Public-Private Partnership Fund; etc.
HB-727: Build to Learn Act of 2019
Sponsored by: Rep. Talmadge Branch
Hearing 3/27 At 1:00 P.m. on 03/20/2019
Financial Institutions - Commissioner of Financial Regulation - Debt Settlement Services [HB-59]
[Finance ]
[Consumer Protection ]
Requiring registrants providing debt settlement services to obtain and maintain a unique identifier and to transfer registration information to Nationwide Mortgage Licensing System and Registry (NMLS) during a certain time period; requiring the Commissioner of Financial Regulation to notify certain registrants of the transfer period; requiring a certain applicant to apply for a registration through NMLS; decreasing fees to $400 from $1,000 for the issuance or renewal of a registration; etc.
Elections - Campaign Finance Entities - Termination and Filing of Final Campaign Finance Report [HB-171]
[Elections ]
[Finance ]
Altering the circumstances under which a certain provision of law requiring a campaign finance entity to terminate and file a final campaign finance report applies; altering the time period within which a certain campaign finance entity is required to terminate and file a final campaign finance report; and requiring the State Board of Elections, not later than 6 months before a campaign finance entity is required to terminate, to provide a certain notification to the responsible persons affiliated with the campaign finance entity.
HB-171: Elections - Campaign Finance Entities - Termination and Filing of Final Campaign Finance Report
Sponsored by: Rep.
Hearing 4/08 At 1:00 P.m. on 04/08/2019
Commissioner of Financial Regulation - Consolidation of Nondepository Special Funds [SB-88]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Consolidating the Mortgage Lender-Originator Fund, the Money Transmission Fund, and the Debt Management Services Fund into a single fund known as the Nondepository Special Fund; providing the purpose of the Nondepository Special Fund is to cover the direct and indirect costs of fulfilling the statutory and regulatory duties of the Commissioner under specified circumstances; requiring specified revenues, fees, and examination assessments to be credited to the Nondepository Special Fund to be used for a specified purpose; etc.
SB-88: Commissioner of Financial Regulation - Consolidation of Nondepository Special Funds
Sponsored by: Sen.
Approved By The Governor - Chapter 341 on 05/10/2016
College Affordability Act of 2016 [SB-676]
[Student Loans ]
[Taxes ]
[Education ]
Prohibiting a public institution of higher education from referring a delinquent student account or debt to the Central Collection Unit under specified circumstances; requiring a public institution of higher education to allow a student with an unpaid balance of $250 or less on a student account to register for specified courses under specified circumstances; authorizing a State income tax credit, not to exceed $5,000, for specified individuals with specified student loan debt; etc.
SB-676: College Affordability Act of 2016
Sponsored by: Sen. Ulysses Currie
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 689 on 05/28/2016
Education - Online Instructional Program for Financial Literacy [SB-503]
[Education ]
[Finance ]
[Consumer Protection ]
[Children and Youth ]
Requiring the State Department of Education, in consultation with the Financial Literacy Education Advisory Council, to develop and implement an online instructional program that provides a financial literacy curriculum for high school students; requiring students to demonstrate competency in managing money, managing credit and debt, saving and investing, and financial planning for successful completion of the program; requiring the program to be available beginning in the 2017-2018 school year for voluntary participation; etc.
SB-503: Education - Online Instructional Program for Financial Literacy
Sponsored by: Sen. Thomas Middleton
Hearing 2/17 At 1:00 P.m. on 02/17/2016
Housing and Community Development - Community Development Administration - Student and Residential Mortgage Loans [SB-381]
[Housing ]
[Community Development ]
[Student Loans ]
[Real Estate ]
[Finance ]
[Economic Development ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to make, participate in making, and undertake a commitment for financial assistance to a homeowner for purchasing a homeowner's primary residence and making payments on the homeowner's student debt under specified circumstances; requiring the Secretary of Housing and Community Development to determine the terms and qualifications of specified financial assistance to homeowners; etc.
SB-381: Housing and Community Development - Community Development Administration - Student and Residential Mortgage Loans
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 146 on 04/26/2016
State Government - Financial Education and Capability Commission - Composition [SB-314]
[Education ]
[Finance ]
[Nonprofit ]
[Student Loans ]
Altering the composition of the Financial Education and Capability Commission to include one representative of a nonprofit organization in the State that provides financial assistance and free financial education to State residents for postsecondary education.
SB-314: State Government - Financial Education and Capability Commission - Composition
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 186 on 04/26/2016
Commercial Law - Debt Settlement Services - Exemption and Fee [SB-1132]
[Consumer Protection ]
[Finance ]
Altering a specified exemption from registration as a debt settlement services provider; and providing that a registrant may not charge a debt settlement services fee that exceeds 30% of the excess of the principal amount of the debt over the amount paid to the creditor or debt collector to settle the individual debt.
SB-1132: Commercial Law - Debt Settlement Services - Exemption and Fee
Sponsored by: Sen. Roger Manno
First Reading Senate Rules on 02/29/2016
National Goal of Debt-Free Higher Education [HJR-1]
[Education ]
[Student Loans ]
Supporting statewide and nationwide policy and legislative efforts to ensure that students have access to debt-free higher education at public colleges and universities.
HJR-1: National Goal of Debt-Free Higher Education
Sponsored by: Sen. Nathaniel Oaks
Hearing 2/29 At 3:00 P.m. on 02/29/2016
Consumer Protection - Collection and Sale of Consumer Debt - Restrictions [HB-783]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Prohibiting a debt collector from attempting to collect a debt unless the debt collector possesses specified verifiable information; requiring a specified affidavit to meet specified requirements; prohibiting supporting documents in a civil action, including affidavits, from being created solely for the purpose of filing a civil action; prohibiting an original creditor from selling a specified debt; requiring an original creditor to provide specified documentation to a debt buyer; etc.
HB-783: Consumer Protection - Collection and Sale of Consumer Debt - Restrictions
Sponsored by: Sen. William Smith
Unfavorable Report By Economic Matters on 03/19/2016
Housing and Community Development - Community Development Administration - Student and Residential Mortgage Loans [HB-460]
[Housing ]
[Community Development ]
[Student Loans ]
[Real Estate ]
[Finance ]
[Economic Development ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to make, participate in making, and undertake a commitment for financial assistance to a homeowner for purchasing a homeowner's primary residence and making payments on the homeowner's student loan debt under specified circumstances; requiring the Secretary of Housing and Community Development to determine the terms and qualifications of specified financial assistance to homeowners; etc.
HB-460: Housing and Community Development - Community Development Administration - Student and Residential Mortgage Loans
Sponsored by: Rep. Anne Healey
Vetoed By The Governor (duplicative) on 05/27/2016
Commercial Law - Debt Settlement Services - Miscellaneous Provisions [HB-1451]
[Consumer Protection ]
[Finance ]
Altering a specified exemption from registration as a debt settlement services provider; altering the debt settlement services fee that a registrant may charge; and repealing a specified reporting requirement for a registrant.
HB-1451: Commercial Law - Debt Settlement Services - Miscellaneous Provisions
Sponsored by: Rep. Michael Vaughn
Unfavorable Report By Economic Matters on 03/19/2016
State Government - Financial Education and Capability Commission - Composition [HB-136]
[Education ]
[Finance ]
[Nonprofit ]
[Student Loans ]
Altering the composition of the Financial Education and Capability Commission to include one representative of a nonprofit organization in the State that provides financial assistance and free financial education to State residents for postsecondary education.
HB-136: State Government - Financial Education and Capability Commission - Composition
Sponsored by: Rep. Dana Stein
Approved By The Governor - Chapter 187 on 04/26/2016
College Affordability Act of 2016 [HB-1014]
[Student Loans ]
[Education ]
[Budget and Spending ]
Prohibiting a public institution of higher education from referring a delinquent student account or debt to the Central Collection Unit except under specified circumstances; requiring the College Savings Plans of Maryland Board to develop and implement a specified marketing plan regarding the availability of a State contribution; requiring the Maryland Higher Education Commission and the Department of Legislative Services to hire a consultant to evaluate the effectiveness of the Office of Student Financial Assistance; etc.
HB-1014: College Affordability Act of 2016
Sponsored by: Sen. Barbara Robinson
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 690 on 05/28/2016
Commercial Law - Debt Settlement Services - Sunset and Reporting Extension [SB-160]
[Consumer Protection ]
[Finance ]
[Labor, Jobs, Employment ]
Extending to March 15, 2015, a specified reporting requirement of a registered debt settlement services provider; extending the deadline for specified reporting requirements of the Office of the Commissioner of Financial Regulation in the Department of Labor, Licensing, and Regulation and the Consumer Protection Division in the Office of the Attorney General; extending to June 30, 2016, the termination date for the Maryland Debt Settlement Services Act; etc.
SB-160: Commercial Law - Debt Settlement Services - Sunset and Reporting Extension
Sponsored by: Sen. Thomas Middleton
Approved By The Governor - Chapter 276 on 05/05/2014
Commercial Law - Debt Settlement Services - Sunset and Reporting Extension [HB-704]
[Consumer Protection ]
[Finance ]
[Labor, Jobs, Employment ]
Extending to March 15, 2015, a specified reporting requirement of a registered debt settlement services provider; extending the deadline for specified reporting requirements of the Office of the Commissioner of Financial Regulation in the Department of Labor, Licensing, and Regulation and the Consumer Protection Division in the Office of the Attorney General; extending to June 30, 2016, the termination date for the Maryland Debt Settlement Services Act; etc.
HB-704: Commercial Law - Debt Settlement Services - Sunset and Reporting Extension
Sponsored by: Rep. Carolyn Howard
Approved By The Governor - Chapter 277 on 05/05/2014