MD SB694 | 2019 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Vetoed on May 24 2019 - 100% progression
Action: 2019-05-24 - Vetoed by the Governor (Duplicative)
Text: Latest bill text (Enrolled) [PDF]
Status: Vetoed on May 24 2019 - 100% progression
Action: 2019-05-24 - Vetoed by the Governor (Duplicative)
Text: Latest bill text (Enrolled) [PDF]
Summary
Prohibiting a credit card processor from assessing or charging a fee, fine, or penalty that exceeds $500 if a business entity cancels a merchant processing agreement, or any fee, fine, or penalty if a business entity terminates a merchant processing agreement after the expiration of the initial term; requiring a merchant processing agreement to include certain information; requiring that certain information be provided in a certain manner in a merchant processing agreement; applying the Act prospectively; etc.
Title
Commercial Law – Credit Card Processors – Merchant Processing Agreements
Sponsors
Sen. Benjamin Kramer [D] | Sen. Brian Feldman [D] | Sen. Antonio Hayes [D] | Sen. Stephen Hershey [R] |
Sen. J.B. Jennings [R] | Sen. Delores Kelley [D] |
Roll Calls
2019-03-27 - Senate - Senate Floor - Third Reading Passed (44-0) (Y: 44 N: 0 NV: 1 Abs: 2) [PASS]
2019-03-21 - House - House Floor - Third Reading Passed (135-0) (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
2019-03-15 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 48 N: 1 NV: 1 Abs: 1) [PASS]
2019-03-21 - House - House Floor - Third Reading Passed (135-0) (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
2019-03-15 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 48 N: 1 NV: 1 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2019-05-24 | Senate | Vetoed by the Governor (Duplicative) |
2019-04-02 | Senate | Passed Enrolled |
2019-04-02 | Senate | Third Reading Passed (44-0) |
2019-04-02 | Senate | Senate Concur - House Amendments |
2019-03-29 | House | Third Reading Passed with Amendments (135-0) |
2019-03-27 | House | Second Reading Passed with Amendments |
2019-03-27 | House | Favorable with Amendments {613894/1 Report Adopted |
2019-03-27 | House | Favorable with Amendments Report by Economic Matters |
2019-03-15 | House | First Reading Economic Matters |
2019-03-15 | Senate | Third Reading Passed (47-0) |
2019-03-13 | Senate | Second Reading Passed with Amendments |
2019-03-13 | Senate | Favorable with Amendments {657275/1 Report Adopted |
2019-03-13 | Senate | Favorable with Amendments Report by Finance |
2019-03-08 | Senate | Hearing 3/12 at 9:00 a.m. |
2019-03-08 | Senate | Hearing canceled |
2019-02-11 | Senate | Hearing 3/12 at 1:00 p.m. |
2019-02-04 | Senate | First Reading Finance |
Subjects
Commerce and Business
Commercial Law - Credit Regulation
Contracts
Credit
Disclosure
Electronic Commerce
Electronic Communication
Fees
Finance Companies
Financial Regulation, Division of
Fines
Interest
Notices
Penalties and Sentences
Signatures
Small Business
Commercial Law - Credit Regulation
Contracts
Credit
Disclosure
Electronic Commerce
Electronic Communication
Fees
Finance Companies
Financial Regulation, Division of
Fines
Interest
Notices
Penalties and Sentences
Signatures
Small Business