1704 JOINT RESOLUTIONS.

NO. 8.
(House Joint Resolution 39)

A Joint Resolution requesting the Legislative Council to in-
vestigate and recommend legislation of retail installment
sales.

WHEREAS, the General Assembly of Maryland has received
reports from the Commissioner of Loans for the State of
Maryland that abuses and violations of good ethics exist in
financing the sale of commodities and particularly in the sale
and financing of automobiles, furniture, radios and tires; and

WHEREAS, the Commissioner of Loans for the State of Mary-
land recommends a more direct and stringent control by the
Commissioner of Loans over the operation of all those en-
gaged in the retail installment contract business; and

WHEREAS, it is reported that the abuses and violations of
sound business ethics cited by the Commissioner of Loans were
not referred to or verified by those charged with such abuses
and violations; and

WHEREAS,, it is the belief that the General and Local Laws
of the State of Maryland already provide remedies and cor-
rective measures for such abuses and violations as claimed to
exist; and

WHEREAS, several bills have been introduced in the General
Assembly dealing with measures tending to effect a solution
of the above problems advanced by the Commissioner of Loans;
and

WHEREAS, it is self-evident that in order to pass proper
laws and regulations effecting these problems, it is necessary
that proper and adequate research of all the different phases
and aspects of the retail installment contract business be
made; and

WHEREAS, the General Assembly at its present session has
adopted legislation providing for a Legislative Council for
investigation and recommendation for legislation at future
sessions; therefore, be it

Resolved by the General Assembly of Maryland, That the
subject of sales on installment selling be investigated by the
Legislative Council who may report its findings to the next
regular session of the General Assembly of Maryland.

Approved April 26, 1939.