Commissioner of Financial Regulation - Consumer Loans - Payments and Fees
What this bill does
Prohibiting a person from requiring a borrower to pay a fee for a payment made by or on behalf of the borrow in a certain form including an electronic funds transfer through an Automated Clearing House; and authorizing a person to require a borrower to pay a fee for the transaction of a payment made by or on behalf of the borrower in cases of certain loans made to consumer borrowers if the amount of the fee is disclosed at the time of the payment transaction, the borrower agrees to pay the fee, and the fee does not exceed a certain amount.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (13)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Fulginiti, Andrew | Maryland Department of Labor | Written (PDF) |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |
| UNF | Robinson, Phillip | Consumer Law Center LLC | Oral + Written (PDF) |
| UNF | Kauffman, James | Individual | Oral |
| UNF | Sakamoto-Wengel, Steven | Individual | Written (PDF) |
| FWA | DiPietro, Chris | CDi Consulting Services, L.L.C. | Oral |
| FWA | Fulginiti, Andrew | Maryland Department of Labor | Written (PDF) |
| FWA | Weintraub, Jasonlobbyist | Maryland Thoroughbred Horsemen's Association (MTHA) | Oral |
| FWA | Enten, Robert | Md Thoroughbred Horsemen’s Assoc | Oral |
| FWA | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FWA | Murray, Rorylobbyist | Individual | Written (PDF) |