1997 Regular Session

HOUSE BILL 587

CHAPTER NUMBER: 679 File Code: Financial Institutions Crossfiled with: SENATE BILL 338
Sponsored By:
Delegates Poole and Opara
Entitled:
Credit Unions - Loans to Members and Risk Assets

Synopsis:

Altering the circumstances under which a credit union may make an unsecured loan to a member; repealing specified requirements relating to an application for a loan from a credit union to a member; altering the definition of "risk assets"; and generally relating to credit unions.

Legislative History

House Action
1/29
First Reading Commerce and Government Matters
2/5
Hearing 2/19 at 1:15 p.m.
3/19
Favorable with Amendments Report by Commerce and Government Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (136-2)
3/30
Returned Passed
5/22
Signed by the Governor Chapter 679
Senate Action
3/24
First Reading Finance
3/25
Hearing 3/28 at 1:00 p.m.
3/31
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (46-0)
Sponsored by:
Delegate D. Bruce Poole, District 2B
Delegate Clay C. Opara, District 41
Bill indexed under the following Subjects:
CREDIT UNIONS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
LOANS
Bill affects the following Statutes:
Financial Institutions
( 6-505 , 6-508 , 6-602 , 6-602 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 446858/4 (PDF) Offered on: MARCH 19, 1997 at: 10:41 Status: Adopted