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PARRIS N. GLENDENING, Governor
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Ch. 533
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Article - Financial Institutions
1-209.
(A) ONLY THE STATE MAY ENACT A LAW WHICH PURPORTS TO REGULATE
EXTENSIONS OF CREDIT MADE BY A FINANCIAL INSTITUTION.
(B) THIS SECTION DOES NOT:
(1) AFFECT FEDERAL LAW PREEMPTION OF STATE LAW;
(2) RESTRICT OR OTHERWISE AFFECT LOCAL LAWS THAT ESTABLISH
PROPERTY OWNERSHIP OR THE RIGHTS AND OBLIGATIONS OF PROPERTY OWNERS;
OR
(3) RESTRICT OR OTHERWISE AFFECT A LOCAL GOVERNMENT'S ABILITY
TO REGULATE ITS FISCAL OR ECONOMIC FISCAL, ECONOMIC, OR COMMUNITY
DEVELOPMENT POLICY;
(4) RESTRICT OR OTHERWISE AFFECT A LOCAL GOVERNMENT'S ABILITY
TO ENACT LAWS OR ADOPT REGULATIONS RELATING TO FAIR HOUSING OR OTHER
CIVIL RIGHTS; OR
(5) RESTRICT OR OTHERWISE AFFECT A LOCAL GOVERNMENT'S ABILITY
TO ESTABLISH OR ADMINISTER LOAN PROGRAMS TO ASSIST RESIDENTS WITH
FINANCIAL NEEDS.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That Section 2 of this Act
shall apply to all local laws in existence on or after June 1, 2002 that purport to
regulate extensions of credit by financial institutions.
SECTION 4. AND BE IT FURTHER ENACTED, That Section 1 of this Act shall
take effect October 1, 2002.
SECTION 3. 5. AND BE IT FURTHER ENACTED, That, except as provided in
Section 4 of this Act, this Act shall take effect June 1, 2002.
Approved May 16, 2002.
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CHAPTER 533
(House Bill 652)
AN ACT concerning
Pilot Program for Long-Term Employment of Qualified Ex-Felons
FOR the purpose of creating a Pilot Program for Long-Term Employment of Qualified
Ex-Felons; requiring the Department of Public Safety and Correctional Services
Labor, Licensing, and Regulation to establish the pilot program in consultation
with the Governor's Workforce Investment Board; requiring the Department to
purchase certain bonds for a certain number of qualified ex-felons each year
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- 4017 -
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