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SB 930

Did not advanceCrossfile HB 1156
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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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Testimony (10)

MGA witness list
FAV 7FavorableUNF 3Unfavorable
PositionWitnessOrganizationTestimony
FAVMorgan, KarenAARPOral + Written (PDF)
FAVMoore, TonaeyalobbyistCASH CAMPAIGN OF MARYLANDWritten (PDF)
FAVStraughn, KarenConsumer Protection Division of the Office of the Attorney GeneralWritten (PDF)
FAVMiicke, SarahlobbyistMSCANWritten (PDF)
FAVProctor, KaressaNASW MarylandWritten (PDF)
FAVBryant, EmilyIndividualOral + Written (PDF)
FAVSenator Rosapepe, Senator RosapepelegislatorIndividualOral
UNFRichards, EvanlobbyistMaryland Bankers AssociationWritten (PDF)
UNFEnten, RobertMaryland Multi-Housing AssocOral
UNFMurray, RorylobbyistIndividualWritten (PDF)

Organizations on record

Registered lobbyists who testified

FAVMoore, TonaeyaCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland
FAVMiicke, SarahMSCANRegistered for: Baltimore Jewish Council
UNFRichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association
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