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ROBERT L. EHRLICH, JR., Governor
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Ch. 133
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SECTION 3. AND BE IT FURTHER ENACTED, That, in the absence of an
order by the Commissioner of Financial Regulation to the contrary, a federally
approved seller-servicer that is exempt from having a mortgage lender license
immediately prior to the effective date of this Act may continue to service mortgage
loans without being licensed, as required under Section 1 of this Act, until the
Commissioner approves or disapproves the federally approved seller-servicer's
application for a license if the federally approved seller-servicer applies for a license
no .later than 30 days after the effective date of this Act.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2005.
Approved April 26, 2005.
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CHAPTER 133
(Senate Bill 160)
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AN ACT concerning
Public Service Commission - Civil Penalties - Common Carriers
FOR the purpose of altering the civil penalty that the Public Service Commission may
impose on certain common carriers under certain circumstances; repealing the
authority of the Commission to bring a certain action for forfeiture under certain
circumstances; repealing the authority of the Commission to impose a fine on a
public service company under certain circumstances; and generally relating to
penalties and the Public Service Commission.
BY repealing
Article - Public Utility Companies
Section 2-117(b) and 13-201
Annotated Code of Maryland
(1998 Volume and 2004 Supplement)
BY repealing and reenacting, with amendments,
Article - Public Utility Companies
Section 2-117(c) and 13-201.1
Annotated Code of Maryland
(1998 Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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- 937 -
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