2002 Regular Session

SENATE BILL 776

File Code: Financial Institutions Crossfiled with: HOUSE BILL 728
Sponsored By:
Senator Astle (Co-Chairman, Task Force to Study the Modernization of Credit Union Law) and Senator Hafer
Entitled:
Credit Unions - Credit Union Insurance Corporation - Credit Union Share Guaranty Corporations

Synopsis:

Prohibiting the Credit Union Insurance Corporation (CUIC) from accepting new members after the date the Commissioner of Financial Regulation issues the first certificate of authority to a private credit union share guaranty corporation; requiring each member of CUIC to obtain either federal or private share guaranty insurance within 2 years from the date private insurance is available; requiring CUIC to dissolve and transfer specified assets to a specified corporation under specified circumstances; etc.

History by Legislative Date

Senate Action
2/6
First Reading Senate Rules
2/14
Re-referred Finance
Hearing 3/5 at 1:00 p.m.
3/12
Favorable Report by Finance
3/13
Favorable Report Adopted
Floor Amendment (Senator Hoffman)
Laid Over (Senator Hoffman) Adopted
3/14
Floor Amendment (Senator Hoffman) Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (35-11)
4/4
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
5/15
Governor vetoed - Cross-filed bill was signed
House Action
3/19
First Reading Commerce and Government Matters
3/21
Hearing 3/28 at 1:00 p.m.
4/3
Favorable with Amendments Report by Commerce and Government Matters
3/31
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/1
Third Reading Passed with Amendments (136-0)
Sponsored by:
Senator John C. Astle, District 30
Senator John J. Hafer, District 1
Bill indexed under the following Subjects:
ASSESSMENTS
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
CREDIT UNIONS
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINANCIAL REGULATION, DIVISION OF
INCOME TAX
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
LIABILITY -see also- GOOD SAMARITAN
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
LOANS -see also- MORTGAGES
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
NOTICES
PENALTIES
PROPERTY TAX
REPORTS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
SUNSET
Bill affects the following Statutes:
Financial Institutions
( 6-401 , 6-602 , 7-101 , 7-102 , 7-103 , 7-104 , 7-105 , 7-106 , 7-107 , 7-108 , 7-109 , 7-110 , 7-111 , 7-112 , 7-113 , 7-114 , 7-115 , 7-116 , 7-117 , 7-118 , 7-119 , 7-120 , 7-121 , 7-201 , 7-202 , 7-203 , 7-204 , 7-205 , 7-206 , 7-207 , 7-208 , 7-209 , 7-210 , 7-211 , 7-212 , 7-213 , 7-214 , 7-215 , 7-216 , 7-217 , 7-218 , 7-219 , 7-220 , 7-221 , 7-222 , 7-223 , 7-224 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 043523/1 (PDF)     Offered on: March 14, 2002   at: 10:24 a.m.     Status: Adopted
House
Number: 226283/1 (PDF)     Offered on: April 3, 2002   at: 10:47 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 18, 2002: Third Reading Passed (35-11)
April 4, 2002: Third Reading Passed (47-0)
House
April 1, 2002: Third Reading Passed (136-0)