Financial Institutions - Student Financing Companies - Required Registration and Reporting
What this bill does
Requiring student financing companies to register with the Commissioner of Financial Regulation before providing services in the State; requiring a student financing company to renew its registration on an annual basis; authorizing the Commissioner to adopt registration procedures for student financing companies, which may include certain fees; and requiring student financing companies to annually report certain information, to be made publicly accessible on a certain website, to the Commissioner beginning March 15, 2024.
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 (12)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Hennen, Amy | Office of the Commissioner of Financial Regulation, Department of Labor | Written (PDF) |
| FAV | Hennen, Amy | Office of the Commissioner of Financial Regulation, Department of Labor | Written (PDF) |
| FAV | Berkman-Breen, Winston | Student Borrower Protection Center | Oral + Written (PDF) |
| FAV | Berkman-Breen, Winston | Student Borrower Protection Center | Written (PDF) |
| FAV | Delegate Lopez, Delegate Lopezlegislator | Individual | Oral |
| FAV | Delegate Lopez, Delegate Lopezlegislator | Individual | Oral |
| FAV | Lopez, Lesley | Individual | Written (PDF) |
| FAV | Stern, Isadoralobbyist | Individual | Written (PDF) |
| UNF | Duffy, Suzanne | Concerned Citizen | Position only |
| FWA | Enten, Robert | Md Bankers Assoc | Oral |
| FWA | Lopez, Lesley | Individual | Written (PDF) |