SB 930 Commercial Law – Consumer Wire Transfers – Liability (Elder Fraud Prevention Act of 2024)

About SB-930

Exempting consumer wire transaction from certain provisions of the Maryland Uniform Commercial Code; limiting liability for damages resulting from consumer wire transfers; defining sufficient notice; requiring investigations; requiring decisions and materials be provided to a consumer; subjecting financial institutions to treble damages; subjecting financial institutions to liability for violation of the Act; prohibiting waiver of consumer rights under the Act; etc.