Business Regulations - Pawnbrokers - Interest Rate on Pawn Transactions
Sponsor: Benjamin F. Kramer (District 19)Committee: FinanceSubject: Business Regulation and OccupationsStatus: Hearing 2/20 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Prohibiting a pawnbroker from charging interest on a pawn transaction beyond certain specified rates; establishing the maximum interest rates a pawnbroker may charge for certain pawn transactions, with certain exceptions; and establishing the maximum terms of certain pawn transactions.
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Testimony (10)
MGA witness listFAV 2FavorableFWA 1Favorable with amendmentsUNF 7Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Fabel, Arthur | Individual | Written (PDF) |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Position only |
| UNF | Sussman, Rick | Md. Pawnbrokers Assoc. | Position only |
| UNF | Bohle, Mattlobbyist | RWL on behalf of Md. Pawnbrokers Assoc. | Oral + Written (PDF) |
| UNF | Braverman, Warren | Individual | Written (PDF) |
| UNF | Cohen, Michael | Individual | Written (PDF) |
| UNF | Dubick, Howard | Individual | Written (PDF) |
| UNF | Mallick, Suzy | Individual | Written (PDF) |
| UNF | Nemes, Robert | Individual | Written (PDF) |
| FWA | Lawrie, Tom | Consumer Protection Division | Written (PDF) |
Organizations on record
Registered lobbyists who testified
UNFBohle, MattRWL on behalf of Md. Pawnbrokers Assoc.Registered for: Meta Platforms, Inc.; ASC Engineered Solutions; Ashley, Inc.; Baltimore Banner, The; Baltimore Streetcar Museum; Berkshire Hathaway Energy GT&S, LLC…