2001 Regular Session

HOUSE BILL 399

CHAPTER NUMBER: 148 File Code: Financial Institutions Crossfiled with: SENATE BILL 377
Sponsored By:
Delegate McIntosh (Co-Chairman, Task Force to Study the Modernization of Credit Union Law) and Delegates Brinkley, Benson, Bobo, Bronrott, Clagett, DeCarlo, Dobson, Dypski, Glassman, Mandel, Paige, Parrott, Snodgrass, Swain, and Wood
Entitled:
Financial Institutions - Credit Union Law Modernization and Other Credit Union Law Reforms

Synopsis:

Requiring a State credit union to receive approval from the Commissioner of Financial Regulation before establishing an ATM at specified locations; altering the tax exempt status of a State credit union; altering the field of membership limitations for a State credit union; altering the incorporation process for a State credit union; altering the "wildcard" provision under which a State credit union may engage in specified activities with the prior approval of the Commissioner; etc.

History by Legislative Date

House Action
2/1
First Reading Commerce and Government Matters
2/7
Hearing 2/20 at 1:00 p.m.
3/5
Favorable with Amendments Report by Commerce and Government Matters
3/6
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/9
Third Reading Passed (137-0)
3/26
Returned Passed
4/20
Signed by the Governor Chapter 148
Senate Action
3/12
First Reading Finance
3/13
Hearing 3/27 at 1:00 p.m.
3/29
Favorable Report by Finance
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (46-0)
Sponsored by:
Delegate Maggie L. McIntosh, District 42
Delegate Joanne C. Benson, District 24
Delegate Elizabeth Bobo, District 12B
Delegate David R. Brinkley, District 4A
Delegate William A. Bronrott, District 16
Delegate Virginia P. Clagett, District 30
Delegate Diane DeCarlo, District 6
Delegate Michael V. Dobson, District 43
Delegate Cornell N. Dypski, District 46
Delegate Barry Glassman, District 35A
Delegate Adrienne A. Mandel, District 19
Delegate Jeffrey A. Paige, District 44
Delegate Joanne S. Parrott, District 35A
Delegate Louise V. Snodgrass, District 3
Delegate Darren M. Swain, District 24
Delegate John F. Wood, Jr., District 29A
Bill indexed under the following Subjects:
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CREDIT
CREDIT UNIONS
DISCLOSURE
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINANCIAL REGULATION, DIVISION OF
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INTERSTATE AFFAIRS
INVESTMENTS -see also- SECURITIES
LOANS -see also- MORTGAGES
MERGERS
NOTICES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
REPORTS
Bill affects the following Statutes:
Commercial Law
( 12-905 )
Financial Institutions
( 1-403 , 6-101 , 6-101 , 6-101 , 6-102 , 6-103 , 6-104 , 6-201 , 6-202 , 6-203 , 6-204 , 6-204 , 6-205 , 6-205 , 6-206 , 6-206 , 6-207 , 6-208 , 6-209 , 6-210 , 6-211 , 6-211.1 , 6-212 , 6-213 , 6-214 , 6-215 , 6-216 , 6-217 , 6-218 , 6-219 , 6-220 , 6-221 , 6-222 , 6-223 , 6-301 , 6-302 , 6-303 , 6-303 , 6-304 , 6-304 , 6-305 , 6-306 , 6-307 , 6-307.1 , 6-307.2 , 6-307.3 , 6-308 , 6-309 , 6-309 , 6-310 , 6-324 , 6-326 , 6-327 , 6-333 , 6-401 , 6-402 , 6-403 , 6-404 , 6-501 , 6-502 , 6-503 , 6-504 , 6-505 , 6-506 , 6-507 , 6-509 , 6-510 , 6-511 , 6-601 , 6-602 , 6-603 , 6-604 , 6-605 , 6-606 , 6-607 , 6-607 , 6-608 , 6-608 , 6-609 , 6-701 , 6-701.1 , 6-702 , 6-702 , 6-704 , 6-704 , 6-706 , 6-707 , 6-713 , 6-714 , 6-715 , 6-806 , 6-807 , 6-808 , 6-809 , 6-903 , 6-904 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 326183/1 (PDF)     Offered on: March 6, 2001   at: 10:57 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 9, 2001: Third Reading Passed (137-0)
Senate
March 30, 2001: Third Reading Passed (46-0)