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