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2015 Regular Session



Financial Institutions - Depository Institutions - Savings Promotion Raffles

Sponsored by:

Senator Klausmeier


Veto sustained (0-46)

Synopsis:Altering the circumstances under which specified depository institutions may conduct a savings promotion raffle; repealing a requirement that a depository institution that offers a savings promotion raffle must post in specified locations and disclose in specified materials a specified statement describing the terms and conditions of the raffle; repealing a requirement that the Commissioner of Financial Regulation must approve a savings promotion raffle conducted by a banking institution; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Klausmeier, Middleton, Astle, Benson, Feldman, Hershey, Jennings, Kelley, Mathias, Pugh, and Reilly
Additional Facts:Cross-filed with: HB0558
Bill File Type: Regular
Effective Date(s): June 1, 2015
Finance  View Committee HearingEconomic Matters
Broad Subject(s):Financial Institutions
Narrow Subject(s):Banks and Trust Companies
Credit Unions
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Statutes:Article - Commercial Law
Article - Criminal Law
Article - Financial Institutions
(1-101, 1-211, 6-716)

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October 24, 2017 4:48 P.M.