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PARRIS N. GLENDENING, Governor
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S.B. 872
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the Commissioner to consider certain factors in determining whether a
mortgage lender's license should be suspended or revoked because if the
mortgage lender is convicted of certain crimes; authorizing the Commissioner to
impose a certain civil penalty under certain circumstances; increasing certain
criminal penalties for violations of certain laws regulating mortgage lenders;
making a criminal violation of certain provisions of this Act subject to the
concurrent jurisdiction of the District Court and the circuit courts; defining a
certain term; making certain technical and stylistic changes; and generally
relating to the regulation of mortgage brokers and mortgage lenders.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-804 and 12-805
Annotated Code of Maryland
(1990 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, without amendments,
Article - Courts and Judicial Proceedings
Section 4-301(a)
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Courts and Judicial Proceedings
Section 4-301(b)(12) and (13) and 4-302(a) and (d)
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
BY adding to
Article - Courts and Judicial Proceedings
Section 4-301(b)(14)
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Financial Institutions
Section 11-512, 11-515, 11-517, and 11-523
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
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- 4197 -
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