Motor Vehicle Financial Protection Product Agreements Act
What this bill does
Establishing requirements applicable to motor vehicle financial protection product agreements, including requirements related to the circumstances under which motor vehicle financial protection product agreements can be canceled and disclosed; authorizing creditors to insure obligations under debt waiver agreements; establishing requirements for insurance policies providing coverage for obligations under debt waiver agreements; authorizing certain penalties for violation of the Act; applying the Act prospectively; etc.
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 (10)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Lozano, Lance | Guaranteed Asset Protection Alliance | Oral |
| FAV | Harting, Martalobbyist | Venable | Oral + Written (PDF) |
| FAV | Senator Klausmeier, Senator Klausmeierlegislator | Individual | Oral |
| UNF | Schneiderman, Franzlobbyist | Consumer Auto | Oral + Written (PDF) |
| UNF | Ziperman, Philip | Consumer Protection Division | Written (PDF) |
| UNF | Steinbach, Mark | Individual | Written (PDF) |
| UNF | White, Marcelinelobbyist | Individual | Written (PDF) |
| FWA | Klausmeier, Katherine | Senator Katherine Klausmeier | Written (PDF) |
| INFO | DiPietro, Chris | CDi Consulting Services, L.L.C. | Written (PDF) |
| INFO | Birrane, Kathleen | Maryland Insurance Administration | Written (PDF) |