S.B. 567

VETOES

(B)     A PREMIUM FINANCE AGREEMENT MAY REQUIRE THE INSURED TO PAY
AN ELECTRONIC PAYMENT FEE IF THE INSURED ELECTS TO PAY A PREMIUM
FINANCE COMPANY BY MEANS OF AN ELECTRONIC PAYMENT.

(C)     A PREMIUM FINANCE COMPANY MAY CHARGE AN ELECTRONIC PAYMENT
FEE, WHICH MAY NOT EXCEED $8, FOR ACTUAL EXPENSES INCURRED BY THE
PREMIUM FINANCE COMPANY FOR THE ELECTRONIC PAYMENT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall apply to all
premium finance agreements and contracts issued, delivered, or renewed on or after
the effective date of this Act.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2004.

May 26, 2004

The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed Senate Bill 567 - Cooperative Housing Corporations, Condominiums, and
Homeowners Associations - Books and Records.

This bill requires all books and records of a cooperative housing corporation to be
made available for examination and copying, by a member or other specified persons,
except under specified circumstances. It authorizes a cooperative housing corporation
and a council of unit owners of a condominium to impose a reasonable charge for a
person to review or copy the books and records. It alters the kinds of books and
records a homeowners association may withhold from public inspection.

House Bill 879, which was passed by the General Assembly and signed by me on May
11, 2004, accomplishes the same purpose. Therefore, it is not necessary for me to sign
Senate Bill 567.

Very truly yours,
Robert L. Ehrlich, Jr.
Governor

Senate Bill No. 567

AN ACT concerning

Cooperative Housing Corporations, Condominiums, and Homeowners
Associations - Books and Records

FOR the purpose of requiring all books and records kept by or on behalf of a
cooperative housing corporation to be made available for examination and

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