MD SB1043 | 2013 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 1 2013 - 25% progression, died in committee
Action: 2013-03-14 - Hearing cancelled
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 1 2013 - 25% progression, died in committee
Action: 2013-03-14 - Hearing cancelled
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibiting specified loan and credit agreements from containing a specified acceleration clause in which any part or all of the unpaid balance may be declared due and payable due solely to the death of a borrower, debtor, or guarantor; establishing, notwithstanding specified provisions of the Act, that a lender or credit grantor is not obligated to extend additional credit or make any cash advance to a specified person under specified circumstances; providing for the scope of specified provisions of the Act; etc.
Title
Commercial Law - Acceleration of Loan Indebtedness Due to Death - Prohibited
Sponsors
| Sen. Brian Frosh [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-03-14 | Senate | Hearing cancelled |
| 2013-03-19 | Senate | Hearing 3/19 at 1:00 p.m. |
| 2013-03-06 | Senate | Rereferred to Finance |
| 2013-03-01 | Senate | First Reading Senate Rules |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB1043?ys=2013rs |
| Text | https://mgaleg.maryland.gov/2013RS/bills/sb/sb1043f.pdf |
