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Ch. 532
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2002 LAWS OF MARYLAND
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apply to the salary or compensation of the State's Attorney for Prince George's County
in office on the effective date of this Act, but the provisions of this Act concerning the
salary or compensation of the State's Attorney for Prince George's County shall take
effect at the beginning of the next following term of office.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2002.
Approved May 16, 2002.
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CHAPTER 532
(House Bill 649)
AN ACT concerning
Financial Institutions Credit Regulation - Extensions of Credit Enactment
of Laws
FOR the purpose of prohibiting certain lenders and credit grantors from financing
certain single premium insurance as part of certain mortgage loans; prohibiting
certain lenders and credit grantors from making certain loans without giving
due regard to certain borrowers' ability to repay the loans; requiring certain
borrowers to be provided with, certain home buyer education or housing
counseling information under certain circumstances; providing that only the
State may enact legislation which purports to regulate extensions of credit;
providing for the effect and application of certain provisions of this Act; defining
certain terms; providing for the effective date of this Act; and generally relating
to the enactment of laws regulating credit regulation and extensions of credit.
BY adding to
Article — Commercial Law
Section 12-124.1, 12-127, 12-409.1, and 12-1029
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-311, 12-312, 12-410, and 12-1007
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
BY adding to
Article - Financial Institutions
Section 1-209
Annotated Code of Maryland
(1998 Replacement Volume and 2001 Supplement)
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