HB 1156

Commercial Law - Consumer Wire Transfers - Liability (Elder Fraud Prevention Act of 2024)

Sponsor: Vaughn Stewart (District 19)Committee: Economic MattersSubject: Commercial Law - GenerallyStatus: Hearing 2/27 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Exempting consumer wire transaction from certain provisions of the Maryland Uniform Commercial Code; limiting liability for damages resulting from consumer wire transfers; defining sufficient notice; requiring investigations; requiring decisions and materials be provided to a consumer; subjecting financial institutions to treble damages; subjecting financial institutions to liability for violation of the Act; prohibiting waiver of consumer rights under the Act; etc.

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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 (18)

MGA witness list

FAV 13FavorableUNF 4UnfavorableINFO 1Information only

Position	Witness	Organization	Testimony
FAV	Morgan, Karen	AARP	Oral + Written (PDF)
FAV	Moore, Tonaeyalobbyist	CASH CAMPAIGN OF MARYLAND	Written (PDF)
FAV	Straughn, Karen	Consumer Protection Division of the Office of the Attorney General	Written (PDF)
FAV	Gallagher, Zoelobbyist	Economic Action Maryland	Written (PDF)
FAV	White, Marcelinelobbyist	Economic Action Maryland	Oral
FAV	McNichol, Pat	Kelly Guzzo, PLC	Oral
FAV	Miicke, Sarahlobbyist	MSCAN	Written (PDF)
FAV	Carwell, Louise	Maryland Legal Aid	Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Position only
FAV	Sanchez-Adams, Carla	National Consumer Law Center	Written (PDF)
FAV	Delegate Stewart, Delegate Stewartlegislator	Individual	Oral
FAV	Harris, Mrs.	Individual	Position only
FAV	Stewart, Vaughn	Individual	Written (PDF)
UNF	Richards, Evanlobbyist	Maryland Bankers Association	Written (PDF)
UNF	Enten, Robert	Maryland Multi-Housing Assoc	Oral
UNF	Cahn, David	Whiteford Taylor & Preston L.L.P.	Written (PDF)
UNF	Weintraub, Jasonlobbyist	Individual	Oral
INFO	Murray, Rorylobbyist	Individual	Written (PDF)

Organizations on record

AARPFAV 1

CASH CAMPAIGN OF MARYLANDFAV 1

Consumer Protection Division of the Office of the Attorney GeneralFAV 1

Economic Action MarylandFAV 2

Kelly Guzzo, PLCFAV 1

Maryland Bankers AssociationUNF 1

Maryland Legal AidFAV 1

Maryland Legislative CoalitionFAV 1

Maryland Multi-Housing AssocUNF 1

MSCANFAV 1

National Consumer Law CenterFAV 1

Whiteford Taylor & Preston L.L.P.UNF 1

Registered lobbyists who testified

FAVMoore, TonaeyaCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland

FAVGallagher, ZoeEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland

FAVWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition

FAVMiicke, SarahMSCANRegistered for: Baltimore Jewish Council

UNFRichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association

UNFWeintraub, JasonRegistered for: AFSCME Council 3; Albertsons Companies, Inc.; American Property Casualty Insurance Association; COPT Defense Properties; CVS Health; CareFirst BlueCross BlueShield…

INFOMurray, RoryRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables…