2009 Regular Session

HOUSE BILL 1555

CHAPTER NUMBER: 741
File Code: Financial Institutions
Sponsored By:
Chair, Economic Matters Committee (By Request - Departmental - Labor, Licensing and Regulation)
Entitled:
Financial Institutions - Enhanced Supervision - Branch Banking

Synopsis:

Authorizing the Commissioner of Financial Regulation to assess civil penalties against banking institutions and credit unions for specified violations after notice and hearing; authorizing specified out-of- state banks to establish de novo branches in the State in a specified manner under specified circumstances; establishing an expedited process for specified banks to establish branches on payment of a specified fee and under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
3/10
First Reading House Rules and Executive Nominations
Motion Rules Suspended for late introduction (Delegate Davis) Adopted (136-0)
Referred House Rules and Executive Nominations
3/16
Re-referred Economic Matters
Hearing 3/25 at 1:00 p.m.
3/28
Favorable with Amendments Report by Economic Matters
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (135-0)
4/5
Returned Passed
Senate Action
3/28
First Reading Finance
3/31
Hearing 4/7 at 1:00 p.m.
4/9
Favorable Report by Finance
4/5
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (47-0)
Action after passage in House and Senate
5/19
Approved by the Governor
- Chapter 741

Sponsored by:

Economic Matters Committee, Chair
Departmental
Labor, Licensing and Regulation, Department of

Bill indexed under the following Subjects:

Banks and Trust Companies
Consumer Protection -see also- Unfair Trade Practices
Credit Unions
Federal Government
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Hearings
Interstate Affairs
Notices
Penalties

Bill affects the following Statutes:

Financial Institutions
( 2-108 , 2-108 , 5-808 , 5-808.1 , 5-808.2 , 5-1003 , 5-1005 , 5-1006 , 6-906 , 6-906.1 , 6-906.2 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 193391/01     Offered on: March 28, 2009   at: 1:13 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 10, 2009: Motion Rules Suspended for late introduction (Davis D) Adopted (136-0)
March 26, 2009: Third Reading Passed (135-0)
Senate
April 6, 2009: Third Reading Passed (47-0)