Commercial Law – Consumer Wire Transfers – Liability (Elder Fraud Prevention Act of 2024)
Sponsor: Jim Rosapepe (District 21)Committee: FinanceSubject: Commercial Law - GenerallyStatus: Hearing 3/06 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 (10)
MGA witness listFAV 7FavorableUNF 3Unfavorable
| 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 | Miicke, Sarahlobbyist | MSCAN | Written (PDF) |
| FAV | Proctor, Karessa | NASW Maryland | Written (PDF) |
| FAV | Bryant, Emily | Individual | Oral + Written (PDF) |
| FAV | Senator Rosapepe, Senator Rosapepelegislator | Individual | Oral |
| UNF | Richards, Evanlobbyist | Maryland Bankers Association | Written (PDF) |
| UNF | Enten, Robert | Maryland Multi-Housing Assoc | Oral |
| UNF | Murray, Rorylobbyist | Individual | Written (PDF) |
Organizations on record
Registered lobbyists who testified
UNFMurray, 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…
