---
type: "Bill"
title: "Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund"
description: "Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2020"
identifier: "SB 409"
citation: "Maryland SB 409 (2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kramer"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2020-01-27"
last_action: "2020-05-08"
source: "openstates"
source_identifier: "ocd-bill/5ba252a5-f86c-492f-89e8-46d0ce3f2681"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0409?ys=2020RS&search=True"
source_hash: "d9a891bee05a2e3cb8255a8238b9494511717f6480dc4a9f7331c112449b11c6"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 409 (2020) — Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/Chapters_noln/CH_321_sb0409t.pdf)
2. **First - Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/bills/sb/sb0409f.pdf)
3. **Third - Financial Institutions - Commissioner of Financial Regulation - Nondepository Special Fund** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/bills/sb/sb0409t.pdf)

## Votes

- On Third Reading — **132–0** (pass) · lower
- On Third Reading — **46–0** (pass) · upper

## Sponsors

- Kramer — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-27** First Reading Finance `referral-committee`
- **2020-02-05** Hearing 2/21 at 1:00 p.m.
- **2020-02-17** Hearing canceled
- **2020-02-17** Hearing 2/21 at 12:00 p.m.
- **2020-02-27** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2020-02-28** Favorable with Amendments { `committee-passage-favorable`
- **2020-02-28** Second Reading Passed with Amendments
- **2020-03-03** Third Reading Passed `passage`
- **2020-03-04** Referred Economic Matters `referral-committee`
- **2020-03-17** Favorable Report by Economic Matters `committee-passage-favorable`
- **2020-03-17** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2020-03-18** Third Reading Passed `passage`
- **2020-03-18** Returned Passed
- **2020-05-08** Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 321 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5ba252a5-f86c-492f-89e8-46d0ce3f2681`. Confidence: reported (aggregated from official Maryland legislature records).