SENATE BILL 338

File Code: Financial Institutions Crossfiled with: HOUSE BILL 587

Sponsored By:

Senator Boozer

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"; etc.

Legislative History

Senate Action

1/24

First Reading Finance

Hearing 2/4 at 1:00 p.m.

3/17

Favorable with Amendments Report by Finance

3/18

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (47-0)

3/31

Returned Passed

5/22

Governor vetoed - Cross-filed bill was signed

House Action

3/20

First Reading Commerce and Government Matters

3/21

Hearing 3/27 at 1:15 p.m.

3/28

Favorable Report by Commerce and Government Matters

3/26

Favorable Report Adopted

Second Reading Passed

3/27

Third Reading Passed (131-0)

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 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 027941/1 (PDF) Offered on: MARCH 18, 1997 at: 16:50 Status: Adopted